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Updated almost 2 years ago on . Most recent reply

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Clarification on Homestead Exemption

Posted

So below is the Florida Statutes regarding renting out your primary residence property.

(1) The rental of all or substantially all of a dwelling previously claimed to be a homestead for tax purposes shall constitute the abandonment of such dwelling as a homestead, and the abandonment continues until the dwelling is physically occupied by the owner. However, such abandonment of the homestead after January 1 of any year does not affect the homestead exemption for tax purposes for that particular year unless the property is rented for more than 30 days per calendar year for 2 consecutive years.

It says that you lose homestead exemption if you rent more than 30 days per year for 2 consecutive years. 

Now, my question is hypothetically, if you rented out your primary residence for more than 30 days but only for ONE year, do you get to the keep the homestead exemption?

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Sarah Kensinger
  • Real Estate Consultant
  • Ohio
1,292
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Sarah Kensinger
  • Real Estate Consultant
  • Ohio
Replied

Best way to find out details on certain laws is to just call the state/county/city office and have someone explain it to you. I have found that is the easiest way to clarify an ordinance/stature/law that might not be very clear.

  • Sarah Kensinger
  • [email protected]
  • 330-557-3021
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