Homestead exemption is one way to reduce the amount of real estate taxes you will have to pay on your residential property. In the State of Florida, if you own property and make it your permanent residence as of January 1st of the tax year, you may qualify for the $25,000 homestead exemption. An additional $25,000 homestead exemption, adjusted annually with inflation, is automatically applied to the assessed value over $50,000.
By law, a homestead exemption is not transferable to your new home. If you move, you must file a new application for your new residence. |
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New 2026 Rates: Homestead Annual Inflation Adjustment
The additional $25,000 homestead exemption will adjust annually based on the Consumer Price Index (CPI) inflation rate. For 2026, the CPI is 2.7%. For properties with an assessed value greater than $75,000, the additional homestead exemption will increase to $26,411 for 2026. |
Tangible Personal Property
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| In the State of Florida, business owners are required to file a Tangible Personal Property (TPP) tax return with the property appraiser, listing all their business assets. In January, TPP returns were mailed to all new businesses that filed a return last year and whose value was greater than $25,000. The deadline to file is April 1st. |
| This handout, available on our website, provides guidelines on completing the return. If you have any questions, please contact our Tangible Personal Property Specialist Monica Magill by phone at (772) 288-5613 or by email at TPP@pamartinfl.gov. |
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