A House in Florida with Trees

Property Tax Deferrals

Timothy Murphy Property Tax Services

To defer homestead taxes and assessments you must be entitled to claim homestead tax exemption. The amount that can be deferred is based on age and adjusted gross income of all members of the household.

You may qualify to defer your taxes if:

  • Last year’s adjusted gross income for all members of the household was less than $10,000, the entire tax amount and any non-ad valorem assessments may be deferred;
  • Your taxes and assessments are more than 5% of the adjusted gross income of all members of the household for the last calendar year, you may defer the amount over the 5%;
  • You are 65 years of age or older and your taxes and assessments are more than 3% of the adjusted gross income of all members of the household for the last calendar year, you may defer the amount over 3%; or,
  • You are 65 years of age or older with an annual adjusted gross household income less than the household income limit for the additional homestead exemption under Section 196.075, F.S., you may defer the entire amount.

You may not defer your taxes if:

  • The total amount of deferred taxes, non-ad valorem assessments, interest, and unsatisfied liens is more than 85% of the just value; or,
  • The primary mortgage financing is more than 70% of the just value.

To apply for a deferral, you must submit Form DR-570 to the Tax Collector by March 31, the year after the assessment. To obtain Form DR-570, click here.