Property Tax Exemption Applications for Senior Living Facilities Due by March 1, 2024

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The clock is ticking towards the March 1, 2024, deadline for property tax exemption applications in Florida, a date of critical importance for senior living facilities across the Sunshine State. This annual cutoff marks the period for these facilities to assess their eligibility for property tax exemptions for the upcoming 2024 tax year. To secure these exemptions, applications must be promptly filed with the respective County Property Appraiser by the deadline.

Several key statutes play a pivotal role in determining eligibility for exemptions:

  • Homes for the Aged Exemption (F.S. 196.1975): This applies to nonprofit entities offering housing to seniors. A more significant exemption is available for projects dedicating over 25% of their units to low-income seniors, including common areas.
  • Proprietary Continuing Care Facilities (F.S. 196.1977): Offers a $25,000 per unit exemption for residents who declare the facility as their primary residence (homestead).
  • Assisted Living Facilities/Memory Care Centers (F.S. 196.197): Designed for nonprofit entities licensed to provide specific types of care, including hospital services.

It’s also crucial for seniors residing outside these facilities to verify they’re receiving appropriate homestead exemptions. The deadline for these applications is equally set for March 1, 2024.

For those seeking clarification on eligibility, whether applying for the first time or aiming for a greater exemption, don’t hesitate to get in touch. County Property Appraisers are also a valuable resource for guidance and assistance with the application process, ensuring your facility takes full advantage of potential tax benefits.

Legal Disclaimer

The information provided in this article is for general informational purposes only and should not be construed as legal or tax advice. The content presented is not intended to be a substitute for professional legal, tax, or financial advice, nor should it be relied upon as such. Readers are encouraged to consult with their own attorney, CPA, and tax advisors to obtain specific guidance and advice tailored to their individual circumstances. No responsibility is assumed for any inaccuracies or errors in the information contained herein, and John Montague and Montague Law expressly disclaim any liability for any actions taken or not taken based on the information provided in this article.

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