I’ve been getting this question lately. Everyone just got their tax notice and ‘remembered’ that they forgot to apply for a homestead exemption this year, so…
Can I apply for a Homestead Exemption AFTER March 1st?
Short answer is No, BUT you CAN apply for for the exemption to be granted retroactively from the Value Adjustment Board. The method is similar to contesting the value of your property. I copied this from the Palm Beach County Property Appraisers web site…
“September 15, 2017, is the deadline to file a petition with the Value Adjustment Board to challenge the market value of your property or to seek an exemption or classification if you missed the March 1 application deadline.”
NOT only will you save 50k in the value and +/-1k (2%) which is the tax on it every year but you’ll lock in this years value for the 3% max increase in the taxable value going forward.
YES, THIS MOST DEFINITELY WORTH YOUR TIME. Just remember you are declaring your homestead on or before January 1, 2017 so be prepared to show this to the VAB.
