2019 Tax Credit Due to Hurricanes
Was your Jacksonville home damaged or destroyed by Matthew or Irma?
A Tax Credit is coming in 2019 for Florida homeowners whose Homestead properties were damaged or destroyed by a hurricane that occurred in 2016 & 2017.
This is great news for our beaches, Ponte Vedra and greater Jacksonville homeowners who were impacted during Matthew and Irma.
Florida Statute F.S. 197.318 provides a relief credit for homestead parcels on which the defined residential improvements were damaged or destroyed by a hurricane that occurred in 2016 or 2017, namely hurricanes Hermine, Matthew, and Irma. If the residential improvement is rendered uninhabitable for at least 30 days due to a hurricane that occurred during the 2016 or 2017 calendar year, taxes initially levied in 2019 may be abated.
The amount of the credit reflects the value of the homestead structure for the portion of 2016 or 2017 that it was uninhabitable as a consequence of hurricane damage. To receive the tax abatement, the property owner must submit an application to the property appraiser by March 1, 2019.
The application for your convenience can be found here: http://floridarevenue.com/property/Documents/dr463.pdf
A property owner who fails to submit the application by March 1, 2019, waives a claim for abatement of taxes from the natural disaster. The application must identify the residential parcel on which the residential improvement was damaged or destroyed, the hurricane that caused the damage or destruction, the date the damage or destruction occurred, and the number of days the property was uninhabitable during either the 2016 or 2017 calendar year.
As per the application, supporting documentation for the days the home was uninhabitable must also be provided. Any questions please contact your county Property Appraiser's office.
Have a real estate question or need some sound advice? Call or text Phyllis Staines at (904) 476-7653 or email firstname.lastname@example.org. Every question will receive a response and may be chosen to appear in Saturday's Times Union newspaper.