Flagler property owners have until March 1 to qualify for their 2011 property tax exemptions. Exemptions are subtracted from assessed value to determine taxable value. Here is a rundown on exemptions for which Flagler County property owners may qualify.
$50,000 Homestead Exemption – Property owners must be able to claim the property as their permanent residence as of Jan. 1 of the effective tax year. First-time applicants must apply at the Flagler County Property Appraiser’s office in person.
Applicants must bring:
• Florida driver’s license or ID with the correct mailing address
• Florida vehicle registration with correct mailing address (if you own a vehicle)
• Flagler County voter’s registration with correct mailing address (if you vote)
• Social Security numbers of all applicants and spouse
• Proof of citizenship or of permanent residency (if you were not born in the U.S.)
• The entire trust document (if the property is in a trust)
• A copy of the recorded deed or tax bill
• A copy of the mobile home registration or titles (if you live in a mobile home)
Do not confuse homestead eligibility requirements with other residency requirements. You do not have to live in the home six months. You must claim your homesteaded residence as your permanent residence as of Jan. 1 of that year, and you may not claim any other home you own for the exemption.
$50,000 Senior Exemption – This exemption applies to the county and city millage only. Qualifying taxpayers must qualify for a homestead exemption and reach the age of 65 by Jan.1 of the year in which the exemption is claimed.
The annual household adjusted gross income cannot exceed the tax year’s income threshold set by the Florida Department of Revenue. The 2010 threshold was $27,780. The 2011 threshold will be available at the appraiser’s office about the third week of January.
Apply by March 1, but you have until June 1 to provide necessary income tax forms.
Other exemptions include a $500 widow/widower exemption, the $500 disability exemption, the $5,000 disabled veterans exemption, the $500 blind exemption and the $25,000 tangible personal property exemption.
There is also the total exemption for honorably discharged veterans who are totally and permanently disabled because of a service-connected disability.
For more information, go to the appraiser’s website at www.flaglerpa.com.