If you hold legal or equitable title to real property purchased in Miami-Dade County (or anywhere else in the state of Florida) in 2007, “reside thereon and in good faith made it your permanent residence as of January 1, 2008” and are a U.S. citizen or a legal resident of the United States, you are entitled to a $25,000 Homestead Exemption.
If you purchased a residential property within the first three quarters of 2007, you may have received a pre-printed application through the mail. Those who purchased in the latter part of 2007 may not have received a pre-printed application. No need to worry. An application, along with general instructions on how to complete the application, are available online at the Miami-Dade County Property Appraiser’s Office Exemptions page. The active links above will take you directly to the PDF files.
All property exemption applications may be filed with the Miami-Dade Property Appraiser’s Office anytime up to
March 1, 2008 March 3, 2008. Applications can be filed in person at:
Stephen P Clark Center (Government Center)
111 NW 1 Street, 7th Floor
Miami, FL 33128
Note: I’ve been informed that the Property Appraiser’s Office has set up an area in the lobby of the Stephen P Clark Center where one can apply for any of the property tax exemptions made available.
You can also apply for the exemption via U.S. Postal Mail by sending the application to:
Miami-Dade County Property Appraisal Department
P.O. Box 013140
Miami, FL 33101-3140
In addition to the application, you must provide one proof of ownership, and two proofs of Florida residency dated prior to January 1, 2008.
Any one of the following Proofs of Ownership can be submitted:
- Warranty Deed
- Property Tax bill
- Notice of Proposed Property Taxes
- Homestead Exemption Automatic Renewal Receipt
- Computer Public Value Inquiry printout
Any two of the following Proofs of Florida Residence can be submitted:
- Driver’s License
- Automobile Registration (not leased)
- Voter Registration
- 1040 Income Tax Return filed in Florida or W-2 Form addressed in Florida
- Intangible Tax Return filed from Florida
- Florida Unemployment Compensation Registration
- Employment letter with Employer’s letterhead
- Child School report card or School letter attesting child’s registration
- Moving van receipt from another county or state
- Doctor’s letter with Doctor’s letterhead
- Church letter with Church letterhead
- SSA-1099 fiscal year Social Security Statement addressed in Florida
Note: Social Security Numbers are required for applications to be processed. Applications will be denied if Social Security Numbers are not provided.
The $25,000 Homestead Exemption will provide you with estimated tax savings of approximately $500 your base year (the first year that the Homestead Exemption is granted). More importantly, as a result of Amendment 10, the Homestead Exemption caps the Assessed Value (not the Market Value) of your primary residence at 3% or the Consumer Price Index (CPI), whichever is less. The “cap” remains so long as the title remains unchanged and the homeowner continuously receives HEX on the same home. A good example of how the Homestead Exemption and Amendment 10 impact primary homeowners is available by pressing the hyperlink in this paragraph.
If you have any questions regarding Homestead Exemptions or any other property exemptions, feel free to contact me at 305-491-7179 or SalgadoA@gmail.com.
Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305.491.7179 or SalgadoA@gmail.com.