Your property is liable for Local Property Tax (LPT) if it is a residential property on 1 November.
Certain properties are exempt from the Local Property Tax. Some people may be able to defer payment of the tax if they meet specified criteria. You can read more about deferring payment of LPT.
Some properties that were exempt up to 2021 are liable from 2022, including properties built since 2013. If your property has not previously been registered with Revenue for LPT or stamp duty, you will need to register your property.
If your property is exempt, you still have to assess the value of your property and make a Local Property Tax return.
The following types of property may be exempt from LPT:
- Properties certified as having a significant level of pyrite damage
- Properties built using defective concrete blocks
- Residential properties owned by a charity or a public body
- Registered nursing homes
- Commercial properties
- Properties vacated by their owners due to illness
- Property purchased, built or adapted for a person who is permanently and totally incapacitated
- Properties used by charitable bodies as residential accommodation
Properties certified as having a significant level of pyrite damage. This exemption applies to residential properties that have been shown to have a significant level of pyrite damage. In these cases, the properties will be exempt for approximately 6 years. You can read the detailed guidelines on LPT exemption for pyrite (pdf). This exemption will not be available for new applicants after 22 July 2023.
Properties built using defective concrete blocks may be exempt if they are confirmed as eligible for the Defective Concrete Blocks Grant Scheme or if the builder or an insurance company has carried out remediation work required or provided funds for it. Read more about exemption for properties built with defective concrete.
Residential properties owned by a charity or a public body and used to provide accommodation and support for people who have a particular need and require special accommodation and support to enable them to live in the community (for example, sheltered housing for older people or people with disabilities).
Registered nursing homes.
Commercial properties that are, or can be, used as a dwelling and are fully subject to commercial rates.
Properties vacated by their owners due to illness. This exemption applies to a property which you occupied as your sole or main residence but which you have not been living in for at least 12 months, due to long-term mental or physical illness. If the property has been empty for less than 12 months, it may be exempt if your doctor confirms that you are unlikely to return to the property. Up to 2021, the exemption only applied if the property was not occupied by another person. From 2022, the exemption applies if someone lives in the property and they are not a joint owner of the property. For example, they may be a tenant, relative or friend.
Property purchased, built or adapted for a person who is permanently and totally incapacitated to live there as their sole or main residence. In the case of adaptations to a property, the exemption applies if the cost of the adaptations exceeds 25% of the market value of the property before it is adapted. The exemption ends at the next liability date if the property is sold and the incapacitated individual no longer occupies it as his or her sole or main residence. (Note that there is also a relief from LPT on properties that have been adapted for occupation by a disabled person. They can qualify for a reduction in the market value of the property for LPT purposes. This relief only applies where the adaptation work increases the market value of the property.) You can read more in Revenue's Guidelines on Local Property Tax Relief for Disabled/Incapacitated Individuals (pdf).
Properties used by charitable bodies as residential accommodation in connection with recreational activities that are an integral part of the body’s charitable purpose, for example, guiding and scouting activities.
Your property is liable for LPT if it is a residential property on 1 November.
If your property is not liable for LPT, you do not need to submit an LPT return.
Property that is not liable includes:
- Commercial property that is fully subject to commercial rates and is not a residential property
- Unoccupied property that is not suitable for living in
- Diplomatic property
- Mobile homes, vehicles and vessels (boats)
You can claim an exemption from LPT as part of your LPT return.
The Revenue website lists each exemption along with information about any documentation you need to include.
If you have already submitted your return but now want to apply for an exemption you can make your request through myEnquries or by post to the address below.
Property you purchased and occupied in 2013 was exempt until 2021 if you continued to own it as your sole or main residence.
New and previously unused properties purchased from a builder or developer between 1 January 2013 and before 1 November 2021 were exempt even if sold again in that period.
Residential properties built and owned by a builder or developer, but not sold, were exempt if they had not been used to live in or generate income subject to income tax or corporation tax.
Properties in unfinished housing estates (commonly called “ghost estates”) specified in the Finance (Local Property Tax) Regulations 2013.
FAQs
RELIGIOUS, CHARITABLE AND EDUCATIONAL EXEMPTIONS
At what age do you stop paying property taxes in FL? ›
Senior Citizen Exemption – Property tax benefits are available to persons 65 or older in Florida. Seniors may qualify for an extra exemption for an additional $50,000 of home value.
How do I get tax exemption? ›
Exemption Rules and Limits under the Income Tax Act
According to the Finance Act of 2014, taxable income eligible for complete tax exemption has been increased in its limits, from the earlier Rs. 200000 to Rs. 250000. It should be kept in mind that these exemptions are allowed for salaried individuals only.
What is the $500 disability exemption in Florida? ›
If you are totally and permanently disabled you get a $500 exemption. This requires that you submit either the DR416 “Physician's Certification of Total and Permanent Disability” Form, or the DR416B "Optometrist's Certification of Total and Permanent Disability" (due to blindness) Form.
What is the $50000 homestead exemption in Florida? ›
Up to $25,000 in value is exempted for the first $50,000 in assessed value of your home. The above exemption applies to all property taxes, including those related to your school district. You pay full taxes on any value between $25,000 and $50,000.
Do seniors in Florida pay property taxes over 65? ›
Certain property tax benefits are available to persons 65 or older in Florida. Eligibility for property tax exemptions depends on certain requirements. Information is available from the property appraiser's office in the county where the applicant owns a homestead or other property.
How do I become exempt from property taxes in Florida? ›
Homestead Exemption: Every person who has legal or equitable title to real property in the State of Florida and who resides thereon and in good faith makes it his or her permanent home is eligible to receive a homestead exemption of up to $50,000. The first $25,000 applies to all property taxes.
Are you eligible for exemption? ›
The basic exemption limit for individuals below the age of 60 years is Rs. 2.50 lakhs. For senior citizens the exemption limit is Rs. 3 lakhs and for very senior citizen who are above 80 years, it is Rs.
What is an example of a tax exemption? ›
Certain types of income, such as portions of retirement income and some academic scholarships, are tax exempt, meaning that they are not included as part of a filer's taxable income.
How can high income earners reduce taxes? ›
In higher-earning years, reduce your taxable income
Especially, if you're right on the cusp of two tax brackets. For example, you might: Max out tax-advantaged savings. Contributing the maximum amount to your tax-deferred retirement plan or health savings account (HSA) can help reduce your taxable income for the year.
Real estate used and owned as a homestead by a paraplegic, hemiplegic, or other totally and permanently disabled person, who must use a wheelchair for mobility or who is legally blind, is exempt from taxation if the gross household income is below the current gross income limit.
Do people on disability pay property taxes in Florida? ›
Resources. A Florida resident who has been certified by two Florida licensed physicians, as being quadriplegic, paraplegic, hemiplegic, legally blind or who uses a wheelchair for mobility can qualify to have his/her homesteaded residence exempted from all ad valorem taxes.
Who qualifies for disability in Florida? ›
We consider you to have a qualifying disability under our rules if all the following are true: You cannot do work at the substantial gainful activity (SGA) level because of your medical condition. You cannot do work you did previously or adjust to other work because of your medical condition.
What property tax exemptions are available in Florida? ›
Property Tax Exemptions
- $50,000 HOMESTEAD EXEMPTION. ...
- SENIOR EXEMPTION. ...
- $500 WIDOWS OR WIDOWERS EXEMPTION. ...
- $500 DISABILITY EXEMPTION. ...
- $500 EXEMPTION FOR BLIND PERSONS. ...
- SERVICE-CONNECTED TOTAL AND PERMANENT DISABILITY EXEMPTION. ...
- EXEMPTION FOR TOTAL AND PERMANENT DISABILITY. ...
- RELIGIOUS, CHARITABLE AND EDUCATIONAL EXEMPTIONS.
The Homestead Exemption is a valuable property tax benefit that can save homeowners up to $50,000 on their taxable value. The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 excludes School Board taxes and applies to properties with assessed values greater than $50,000.
Do seniors get additional homestead exemption in Florida? ›
There is an additional $50,000 homestead exemption (FLORIDA STATUTE 196.075) for person 65 and older. The adjusted gross income requirement for 2024 cannot exceed $36,614 for all members of the household. An application DR 501SC must be submitted along proof of income.
Who is exempt from senior citizen property taxes in Florida? ›
There is an additional $50,000 homestead exemption (FLORIDA STATUTE 196.075) for person 65 and older. The adjusted gross income requirement for 2024 cannot exceed $36,614 for all members of the household. An application DR 501SC must be submitted along proof of income.
What age is considered elderly in Florida? ›
The age at which one is considered a senior citizen in Florida is generally between 60-65 years of age, it however varies depending on the context. For example, the Florida Department of Elder Affairs defines a senior citizen as someone who is 60 years of age or older.
What is the property tax limit in Florida? ›
In Florida, state law limits the annual increase in the assessed value, not market value, of homesteaded property to 3% or the Consumer Price Index (CPI) whichever is less. This is also called Save Our Homes. When homesteaded property is sold, that limitation is removed and the property is reassessed.
Do you have to homestead every year in Florida? ›
Your homestead and most other exemptions will automatically renew every year, unless you notify our office that you are no longer eligible.
