What is a homestead penalty bill?

Homestead penalty bills are liens imposed by the county on properties that are declared Homesteaded property by the homeowner when they are really not their Homestead property. This problem occurs when a homeowner passes away, leaving their property to the family members who then continue to reside in the property.

How long are homestead exemptions in Miami-Dade County?

If the owner fails to notify the Office of the Property Appraiser of any changes in status, the property owner can be back taxed for 10 years of exempted taxes, plus 15% interest per annum and a penalty of 50% of the taxes exempted. You are now leaving the official website of Miami-Dade County government.

How does a home qualify for a homestead exemption?

To qualify, a home must meet the definition of a residence homestead: The home’s owner must be an individual (for example: not a corporation or other business entity) and use the home as his or her principal residence on Jan. 1 of the tax year.

When to apply for homestead exemption after delinquency?

A late homestead exemption application, however, may be filed up to two years after the delinquency date, which is usually Feb. 1. May I continue to receive the residence homestead exemption on my home if I move away temporarily?

How to report Homestead Exemption fraud in Florida?

Suspected homestead exemption fraud may be reported to the Property Appraisal Homestead Exemption Investigation Unit by calling 305-375-3402 or by reporting through our online form. State law allows Florida homeowners to claim up to a $50,000 Homestead Exemption on their primary residence.

How are homestead exemptions work for homeowners?

Property Tax Exemptions for Homeowners. A homestead exemption helps you save on taxes on your home. An exemption removes part of the value of your property from taxation and lowers your taxes. For example, if your home is valued at $100,000 and you qualify for a $20,000 exemption, you pay taxes on your home as if it was worth only $80,000.

How much can you claim for homestead exemption in Florida?

State law allows Florida homeowners to claim up to a $50,000 Homestead Exemption on their primary residence. The first $25,000 of this exemption applies to all taxing authorities.

What happens if application for homestead exemption is denied?

If the application for exemption is denied, an Official Notice of Denial is mailed by July 1. This notice allows you, the applicant, to appeal the denial to a third party impartial hearing officer (magistrate) hired by the Hillsborough County Value Adjustment Board. See Appeal Process for additional information.