Homestead tax deferral program

The Homestead Tax Deferral Program is designed to assist homestead tax exempt taxpayers to defer a portion of their property taxes. The amount that can be deferred is based on age and the adjusted gross income of all members of the household.

• If the last year's adjusted gross income for all members of the household was less than $10,000.
• If taxes and assessments are more than 5% of the adjusted income of all members of the household.
• If the applicant is younger than 65 years old - Taxes must exceed 5% of the applicant's household income.
• If the applicant is 65 or older- Taxes must exceed 3% of the applicant's household income.

The deferred portion becomes a first lien on the property with interest, which accrues until the taxes are paid. The interest cannot exceed 7 percent. All deferred taxes plus interest constitute a prior lien on the homestead per FL Statute 197.262 are due and payable with any changes in:

• Change in property use
• Homestead exemption eligibility
• Change in Ownership
• Failure to maintain the required fire and extended Insurance coverage. The application deadline is on or before March 31.
• Homestead Tax Deferral Application
• Department of Revenue forms

Eligibility requirements for the Homestead Tax Deferral Program

An application will become available November 1 by contacting our office at 386-736-5938.

• Must be entitled to claim homestead tax exemption. To qualify for the homestead tax exemption contact the Volusia County Property Appraiser's office.
• Proof of fire and extended home insurance coverage in an amount at least equal to the total of all outstanding liens, including a lien for deferred taxes, non-ad valorem assessments, and interest, with a loss payable clause to the Tax Collector. A clause obligating the insurance carrier to notify the Tax Collector of cancellation or non-renewal.
• Provide proof of income - Federal income tax return or Social Security form
• Required to submit an annual application for tax deferral with the Tax Collector on or before March 31, following the year in which the taxes and non-ad valorem assessments are assessed.