Frequently Asked Questions




SENIOR EXEMPTION

Please select an option below.

1. What is the Senior Exemption?

The Senior Exemption is an additional $50,000 Homestead Exemption for Persons 65 and Older reduces the assessed value of your property and can result in significant tax savings. We urge you to apply for this exemption (or re-apply if you had the exemption last year) if you meet the following requirements:
  1. You are 65 years of age, or older, on January 1, 2013. (Proof of age required for new applicants.)
  2. You qualify for, and receive, the Florida Homestead Exemption
  3. The total adjusted gross income for all members of your household for calendar year 2012 does not exceed an amount to be determined by the Florida Department of Revenue. This income threshold is adjusted annually by the percentage change in the average cost-of-living index. This amount is usually established in mid-January. Last year, the total was $26,203.
Note: This Exemption does not automatically renew and you will be required to submit an annual sworn statement of household income to our office not later than March 1 of each year.

2. I've Never Received This Exemption Before - How Do I Apply?

If you have never received the Senior Exemption on your property in Monroe County, you must complete and submit the Sworn Statement of Adjusted Gross Income of Household and Return (Form DR-501SC) , (Link:http://dor.myflorida.com/dor/property/forms/current/dr501sc.pdf) along with proof of your age and documentation supporting the income you stated on the Sworn Statement. The application must be submitted by March 1 of each year, however, you do have until May 1 to submit the income supporting documents.

There are different application requirements based on whether or not you file a Federal Income Tax Return (Form 1040 Series) as outlined below:

If this is your INITIAL Application for the Senior Exemption and you DO NOT file an IRS Return:
1. Complete Part A of Form DR-501SC, providing all of the information requested for each person residing in your homestead.

2. Check the Box in Part B.

3. List your current income on Part E on the back and submit a copy of your Social Security Statement (SSA-1099) and/or all other income documents such as Form 1099 for taxable interest, dividends, capital gains, pensions and annuities for each household member.

4 Submit proof of your age. Items that will be accepted as Proof of Age:

  • Certified Copy of Birth Certificate;
  • Florida Driver's License or Florida Identification Card;
  • US Passport;
  • Marriage Certificate; or
  • Permanent Resident Card.
5. Sign and date Form DR-501SC at the bottom of Page 1. Be sure to include a telephone number.
If this is your INITIAL Application for the Senior Exemption and you DO File an IRS Return:
1. Complete Part A of Form DR-501SC, providing all of the information requested for each person residing in your homestead. Check the Box in Part C.

2. Submit a copy of your current Federal Income Tax Return(s) and wage and income statement(s) (W-2 form) for each person residing in your household.

3. Submit proof of your age. Items that will be accepted as Proof of Age:

  • Certified Copy of Birth Certificate;
  • Florida Driver's License or Florida Identification Card;
  • US Passport;
  • Marriage Certificate; or
  • Permanent Resident Card.
4. Sign and date Form DR-501SC at the bottom of Page 1. Be sure to include a telephone number.

3. What is Adjusted Gross Income?

In general, Adjusted Gross Income (AGI) includes every type of income that is required to be reported to the Internal Revenue Service (IRS). This typically does not include Social Security income, however, you should review your Federal Income Tax Return and look for the AGI line to determine the actual AGI you reported to the IRS.

4. How do I know my Adjusted Gross Income when I haven't filed my return yet?

You have until June 1st to file a copy of your IRS 1040 with the Property Appraiser's Office.

5. Can two homeowners who are seniors both apply?

Only one needs to apply, but all members of the household must include their income and social security numbers.

6. Do both (or all) owners on the property have to be 65 in order to receive the exemption?

Only one owner has to be 65 by January 1st.

7. I am 65 years of age and my income is less than the limit, but my daughter lives with me. Do I have to include her income?

You must include the income for all the members of your household.

8. I am going to be 65 years old on January 2nd. Do I qualify?

You must be 65 years of age on or before January 1st in order to qualify for the Senior Exemption.

9. Will I lose my widow's or disability exemption after I receive the senior citizen exemption?

The senior citizen's exemption is an additional exemption and is not related to the widow's or disability exemption.

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