This is a question we are asked frequently: Can I rent out my Condo and keep the Homestead exemption on it?
Generally, the answer is no.
Section 196.061, Florida Statutes, says that rental of a dwelling previously claimed to be a homestead for tax purposes "shall constitute the abandonment of said dwelling as a homestead." If the rental begins after January 1 of a year (regardless of the shortness of the rental period) and there is a rental covering ANY part of the next consecutive year, that is an abandonment of the homestead under the law as of the second year. A seasonal rental (February-March) in two consecutive year would disqualify the property for homestead. Likewise, a one-time rental from December-February
2018 Broward County TRIM Notices are going to be mailed soon to property owners
The Broward County Property Appraiser's Office mails the TRIM (proposed tax) Notices in mid-August each year. The proposed property tax notice will show your 2018 property assessment, exemptions and the proposed taxes along with dates and times for the various taxing authorities' public budget hearings. The TRIM Notice is your opportunity to review your property assessment and ensure you are receiving all the tax-saving exemptions you are entitled to. Our office's contact information will be listed on the newsletter enclosed with the TRIM Notice giving you the opportunity to contact us directly should you have any questions. The absolute
