Lisa purchased a home in Tampa on November 15th and immediately moved in, making it her permanent residence. She wants to claim homestead exemption for the current tax year. What should her agent tell her?
Correct Answer
B) She cannot claim exemption because she missed the March 1st deadline
Correct: The March 1st deadline for homestead exemption applications is firm, and late applications cannot be accepted for the current tax year. Why not A: Ownership and occupancy alone don't override the filing deadline. Why not C: There is no prorated homestead exemption available. Why not D: While she must wait to apply, she can apply for the following tax year before March 1st.
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