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Owning a home in Florida offers sunny skies and some major tax benefits. But if you want to make the most of those savings in 2025, it's time to talk about tax planning for Florida homeowners. From Homestead Exemptions to Save Our Homes caps and local tax tips unique to the Sunshine State, there are plenty of ways homeowners can hold on to more of their hard-earned dollars.
Florida doesn’t have a state income tax, which is already a win. But that also means property taxes play a bigger role in how the state funds services. Luckily, there are smart ways to lower your bill legally and effectively. Whether you live in Miami, Orlando, Tampa, or right here in Palm Beach County, understanding your options is key.
This exemption is one of the best perks for Florida homeowners. If your property is your permanent residence, you could get up to a $50,000 deduction on your property’s assessed value. This isn't just for new buyers — long-time homeowners should double-check their status, especially if there have been changes in family status or home use.
Here’s what’s often missed: The first $25,000 applies to all property taxes, including school taxes. The second $25,000 applies to non-school taxes only, and only on property values between $50,000 and $75,000. Knowing this detail helps you estimate real savings.
With the market booming across Florida, your home value might be going up. But thanks to the SOH Cap, your assessed value for tax purposes can only increase by 3% per year — or the inflation rate, whichever is less — as long as it remains your permanent home. For homeowners who’ve lived in their property for years, this is a goldmine.
A common pitfall is forgetting to transfer this cap when moving. The “Portability” benefit lets you take the tax savings to a new Florida home. Many residents are unaware they only have three years from the sale of their old home to apply.
Local county appraisers across South Florida — including Palm Beach, Broward, and Miami-Dade — have signaled increased property values in 2025 assessments due to market strength. But the SOH cap still limits how much your taxes can rise. Understanding this can help you plan smarter and avoid surprises in your bill.
If you’re not checking your Notice of Proposed Property Taxes (TRIM notice), you’re missing vital info. Many local homeowners don’t even realize they can appeal their assessment if it seems too high. That's where working with professionals like The Tax Team can save you thousands.
Our expert team doesn’t just help you claim your Homestead or SOH benefits. We dig deeper into exemptions like widow/widower, senior citizen discounts, veterans' credits, and even disaster relief adjustments.
To learn how our tax pros can help you make smarter choices all year long, visit our tax planning services page. It’s filled with resources built specifically for Florida residents.
Palm Beach County offers its own local tax benefits, including extra exemptions for low-income seniors. If you're 65 or older, lived in your home for at least 25 years, and it’s worth less than a certain amount, you may qualify for an additional full exemption from county property taxes.
Be sure to check local deadlines. Most exemption applications are due March 1 every year, and late filings are rarely accepted.
You have 25 days from the mailing of the TRIM notice to file a petition with the Value Adjustment Board. Most counties allow online filing. Keep records of your property’s condition, nearby sale prices, and any improvements. It’s like a mini court case — you’ll want expert support.
Tax planning isn’t just a one-time thing. Florida’s rules change. Local governments adjust millage rates. Your financial situation shifts. That’s why we recommend checking in with a qualified tax advisor annually. It’s not just about reacting — it’s about being proactive.
For more insight, our full suite of tax planning solutions can help protect your assets and reduce your liabilities.
Yes! As long as the home is your permanent residence as of January 1st of the year, and you apply by March 1st.
No, most exemptions only apply to your primary residence, not investment or rental homes.
If you're moving to a new home, you can transfer (port) up to $500,000 of the Save Our Homes benefit to your new property — but only if done within three years.
Absolutely. If you think your assessed value is too high, you can appeal to your county’s Value Adjustment Board within 25 days of receiving your TRIM notice.
It’s not required, but highly recommended. Professionals help ensure you’re using every exemption and avoid costly mistakes.
Yes. Many counties, including Palm Beach, offer extra exemptions to low-income seniors who meet specific requirements.
Being a Florida homeowner comes with amazing perks, but only if you plan smart. Tax planning for Florida homeowners in 2025 is more than just filing paperwork — it's about understanding your local benefits, avoiding missteps, and keeping more of what you earn. Whether you’ve lived in your house for 20 years or just closed last month, The Tax Team is here to help you make the most of it.
Explore your savings today by checking out our expert tax planning strategies for homeowners.
