March 1, 2023, is the deadline for Florida homestead exemption applications for qualifying residences owned and occupied on the January 1 tax day.  Florida property appraisers generally enable applications to be made online. 

The exemption is a $50,000 annual deduction from the property appraiser’s Assessed Value in yielding the Taxable Value for the taxpayer’s principal residence, which must be in Florida.  It also triggers the Save Our Homes Cap, which limits the appraiser’s annual increase in Assessed Value to the lesser of 3% or the annual change in the Consumer Price Index.  A taxpayer with homestead or similar exemption status for another residence (such as in another state) is not also allowed to have a Florida homestead exemption.  Nor generally are spouses allowed to have more than one exemption per couple.

Taxpayers who have a Florida non-homestead residence, such as a vacation home, which has become their principal residence and who then apply for a homestead exemption can expect the property appraiser to raise the residence’s Assessed Value to align more closely with its Fair Market Value.


This publication is for general information only. It is not legal advice, and legal counsel should be contacted before any action is taken that might be influenced by this publication.

About Gunster
Gunster, Florida’s law firm for business, provides full-service legal counsel to leading organizations and individuals from its 13 offices statewide. Established in 1925, the firm has expanded, diversified and evolved, but always with a singular focus: Florida and its clients’ stake in it. A magnet for business-savvy attorneys who embrace collaboration for the greatest advantage of clients, Gunster’s growth has not been at the expense of personalized service but because of it. The firm serves clients from its offices in Boca Raton, Fort Lauderdale, Jacksonville, Miami, Naples, Orlando, Palm Beach, Stuart, Tallahassee, Tampa Bayshore, Tampa Downtown, Vero Beach, and its headquarters in West Palm Beach. With more than 260 attorneys and consultants, and over 270 committed professional staff, Gunster is ranked among the National Law Journal’s list of the 500 largest law firms and has been recognized as one of the Top 100 Diverse Law Firms by Law360. More information about its practice areas, offices and insider’s view newsletters is available at


Find a Professional

by Name

by Practice/Office