Over-65 Senior Exemptions
Deferring Taxes, Abating Taxes, etc.
Seniors Over 65 years of age (and Disabled persons)
have several unique options
available on their Homestead property:
- Defer ALL taxes until they no longer own and
occupy the Homestead.
- Pay current year taxes in four (4) installments
(as opposed to paying the total due
by January 31st.
- Abate tax lien collection activity until they
no longer own and occupy the homestead.
Over-65 Exemption applies to entire year (retroactive
to January 1st in the year they
Over-65 Exemption (but not the base Homestead Exemption)
may be transferred to
a new home at any time.
Taxes are frozen at the $ amount of the school taxes
in the year you turn 65 for
your current homestead, and at the % of current taxes
for a new home. Some taxing
entities freeze other taxes in addition to school
taxes (e.g., county taxes, city taxes,
hospital taxes, etc.).
Exemptions effective on January 1st remain on the
property for the entire year, even across any sale
of the property, thereby benefiting the new owners.
(Note: Over-65 sellers may transfer their Over-65
exemption, but not their base Homestead Exemption,
to their new home.