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Certain property may be protected by Florida's homestead exemption.
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You must own AND occupy the home as your PERMANENT residence prior to January 1st of the year for which you are applying 2 You must be a US Citizen or permanent US Resident and a Florida resident as of January 1st 3 You cannot be claiming or receiving any type of tax exemption on any other property in the US 4.
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Federal government limits the homestead exemption to 125000 in aggregate value.
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Under Florida law homestead property is immune from any judgments liens or claims of third parties The only exemption is if a property owner affirmatively pledges his or her homestead property as security such as a mortgage or improving the property and thereby subjecting the property to the construction lien law.
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