Homeowners can instantly reduce their real estate taxes by applying for homestead exemption in Martin County. In Florida, if you own a property as a permanent residence, filing for homestead exemption can save an average of $500/year. The homestead exemption in Martin County is $25,000 plus an additional $25,000 applied to the assessed value above $50,000 (this additional exemption doesn’t apply to local school taxes). Once you have filed for homestead exemption in Martin County, your property’s assessed value cannot increase by more than 3% each year, which keeps property taxes lower the longer you live in the residence. This is known as the Save Our Homes benefit. The deadline to apply for homestead exemption in Martin County is March 1; you must have purchased the property by January 1 of that year.
If you are interested in St. Lucie county, you can visit our St. Lucie County Homestead Information page. For complete homestead exemption information, talk to a real estate attorney, tax expert, or visit Florida Department of Revenue.
Items Needed to File for Homestead Exemption in Martin County
- Voter’s Registration Card
- Florida Driver’s License or ID Card
- Florida Vehicle Registration
- Social Security Card
- Trust Documents if Held in a Trust
- Permanent Residence Card if not a US Citizen
Get Martin County Homestead Exemption Application
To apply for homestead exemption in Martin County, you’ll want to go through the Martin County Property Appraiser. The process can be done in person or online through the following link: https://www.pa.martin.fl.us/homestead-exemption/apply-online. If you have homestead exemption on a current residence and want to transfer the Save Our Homes benefit to a new home, you’ll want to complete a Form DR-501T. That can be found through the Homestead Portability link: https://www.pa.martin.fl.us/homestead-exemption/homestead-portability.