Video Summary
May Florida homestead exemption be kept while I’m away at college in another state? The answer is yes, and that as long as this is your home and where you reside, other than when you’re temporarily away, you can retain your homestead exemption. Another example of this is folks that own their home here in Florida. However, they get their motor coach and they tour the United States and they may only come back for a couple of weeks out of each year. They feel this is their permanent residence. They intend on residing here permanently and they don’t claim homestead in any other state. They’re entitled to homestead exemption for their ad valorem taxes. Another example of people being able to retain their homestead exemption is in the event that a property owner has to go into to skilled nursing care. Just because they’re absent from the home as a result of illness or being in a nursing home, they still have the intent to return home, and therefore are able to continue to claim or receive homestead exemption.
However, if the property is rented, under any of these circumstances, well that would then jeopardize the homestead exemption and it is not being held for your permanent residence, but is held for rental property. If you have some other question about homestead exemptions, give me a call at 727-847-2288.