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About Florida's Named Storm Damage Assessments

Posted by Peter Legeza on

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About Florida's Named Storm Damage Assessments

If your Homestead property is damaged by a named storm you can remodel up to 110% without increasing your assessed value!

If your home was damaged by a named storm, make sure that you call your county property appraiser and request a Storm Damage Assessment. For a period of 3 years after the storm you may rebuild or remodel up to 110% of the square footage of your home without any increase in your assessed value on which you pay taxes! For example, if your home is 2500 square feet, you may rebuild or remodel up to 2,750 square feet with no increase in your assessed value. This is a great benefit to you in that there is no monetary limit to the rebuilding or renovation. In other words, your home could have been 20 years old and if you remodel it without crossing the 110% of your square footage threshold you can make it brand spanking new with the latest appliances and finishes, and your taxable value won’t go up one penny! Also, if your home is less than 1500 square feet then so long as you don’t rebuild or remodel more than 1500 square feet then the 110% limit doesn’t apply. For example, if your home is 1200 square feet you may rebuild or remodel up to 1500 square feet with no increase in your assessed value! 

Florida Homestead Check will help you to determine if you are eligible for a Storm Damage Assessment as well as all of the other exemptions and errors on your Homestead property taxes.

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