Homestead Exemption

Registered subdivisions often result in changes in parcel boundaries, declarations of co-ownership, termination of co-ownership, rights of way or vacancies, and deeds that transfer only part of a parcel.Lee-County-Property-Appraiser In addition, changes to Lee County Property Appraiser lot boundaries can be initiated by owners who submit commit or split requests.

Unlock Savings: Lee County Homestead Exemption

The Homestead Waiver is a constitutional benefit of up to a $50,000 waiver. That is deducted from the appraised value of your property. Also, It will be awarded to applicants who own property and are bona fide Florida residents who live in the home and make it their permanent residence on January 1. Documents are required to show that you lived on the property.

Lee-County-Property-Appraiser-Homestead-ExemptionOwnhomeowners who benefit from the homeownership exemption should be aware that renting their property, either personally or through shared consumption or collaborative businesses, can constitute abandonment and, consequently, a loss of property. Rent generally means exclusive use by a tenant on a temporary, seasonal, or annual basis. If you want to rent, consult with the appropriate attorney to ensure you do not jeopardize your property exemption. If you waive the property tax exemption, your property taxes will increase.

The benefit of Save Our Homes is automatically applied to properties that have been eligible for the Homestead Exemption. It was approved by Florida voters in 1992 as a constitutional benefit. It limits a 3% annual increase in family property taxes starting in the 1995 tax year.

Exceptions to this restriction are new buildings or buildings that have been tax-exempt in the past. When a property is sold, the appraisal value is readjusted to market value in the year following the sale. Save Our Homes uses this estimated value as the reference value for new owners and applicants. The Ministry of Revenue provides more information on the Consumer Price Index (CPI).