Property Tax Deferments
Florida Statutes Section 197.252
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| Any person entitled to claim Homestead Exemption may qualify to defer a portion of their property taxes based on the applicant's household income for the previous year.
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| If household income is less than $10,000, taxes may be deferred in their entirety. If the applicant is over 70 years of age and has an annualincome of less than $12,000, taxes can be deferred in their entirety.
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| If tax deferral is approved, it would become a first lien on the property and you must furnish fire insurance coverage with a loss payable clause to the Tax Collector. If a change in use or failure to maintain insurance or change in ownership of the property occurs, all deferred taxes plus interest are due and payable.
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| Applications are available in the Tax Collector's Office. The deadline for filing is January 31st of each year.
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