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4,000 PLUS MIAMI-DADE PROPERTY OWNERS APPLY FOR PORTABILITY
MORE THAN 24,000 NEW APPLICATIONS FOR HOMESTEAD EXEMPTION
As of Friday March 14, staff at the Miami-Dade County Property Appraisal Department (PAD) had tabulated 24,307 applications for Homestead Exemption (HEX) and 4,873 for Portability, a new feature of the Florida property tax system.
Portability, which came into effect with the passage of Constitutional Amendment 1 last January, allows homesteaded property owners to transfer their accumulated Save Our Homes benefit, up to $500,000, when they move from one home to another within the State.
Miami-Dade County Property Appraiser Marcus Saiz de la Mora notes, however, that the above figures will likely increase as staff continue to process applications sent by US Mail , which were postmarked by Monday, March 3, the state-wide application deadline.
He also points out that property owners who missed the deadline have the option of filing a late application and paying a $15 fee to the County’s Value Adjustment Board. The PAD will grant late eligible applications before bills are sent in November.
The PAD will also continue to accept Portability applications, without penalty, from persons who filed an initial timely homestead exemption application.
The majority of the 4,873 Portability applications to date were from persons moving from one Miami-Dade home to another. PAD staff will calculate the Portability benefit of the 863 applicants moving out of the county and forward this information to the property appraiser in their destination counties.
In August the Property Appraisal Department will notify applicants that were granted exemptions in the Notice of Proposed Property Taxes. This document will also provide an estimate of taxes due in November, and detail the date, time and venue of budget hearings to be held by the local governments and other authorities collecting taxes.
Property owners, whose applications cannot be granted, will be sent a notification of denial before July 1.
PROPERTY APPRAISER ACCEPTING LATE APPLICATIONS
FOR HOMESTEAD AND OTHER EXEMPTIONS
The Miami-Dade County Property Appraisal Department is accepting late applications for Homestead and other property tax exemptions at the Downtown Miami office located at:
Stephen P Clark Center
111 NW 1st Street, Suite 710
Miami Florida 33128
The property owner must file in person and must have all the required documents. There is no fee to file a late application. However, applicants must also file a petition with the Value Adjustment Board with a $15 fee. Late applications can only be filed through mid-September
For additional information call 786-331-5321.
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