If you live in Dade County and your property is your primary residence, you are entitled to a $25,000 homestead property tax exemption. Not only will this help to reduce your annual property taxes, it will prevent your taxes from being taxed at Assessed Value in the coming years. This is the reason some homeowners pay less than others...because they filed for Homestead Exemption! It is very common to see this happening all over Miami, including the areas I cover, Kendall, the Redlands and Homestead.
If you purchased your home in 2006, as long as you closed and moved in by December 31, 2006, you may be eligible for the Homestead Exemption. But hurry, the deadline for filing is March 1, 2007!
There are other exemptions available, such as Senior Citizens, Widow/er, Disability, Veteran's and others. Check the website to see if you qualify.
For more information, including how and where to file, visit the following website:
http://www.miamidade.gov/pa/exemptions.asp
This community announcement is brought to you by your local Miami Redlands Real Estate professional, Maggie Dokic. Visit Maggie's website for more local reading!
Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.
Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market. SFR is a Short Sale, Foreclosure Resource Specialist. Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.
For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.
The opinions expressed herein, are those of the author, and not necessarily of Prudential Florida Realty.
Mariana- thanks. Just trying to keep my consumers posted as to their deadlines =)
Danny - I've updated the blog to reflect the fact that a Homestead exemption does not require renewal. See update below. Thanks.
Hi Maggie.. good stuff for the consumer. :)) you gave them a whole 2 days!! hahaha :^)
Hi Nick, thanks for not slamming me too hard ;-) I appreciate it.
UPDATE: I've updated the blog to reflect the fact that a Homestead Exemption does not need to be renewed each year, as long as you qualify. Sorry about the misinformation Danny. I got confused with some of the other exemptions which do require renewals, such as the senior citizen's exemption.