Homestead Tax Deferral Program

The 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, and 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 31st.
• Homestead Tax Deferral Application
• Department of Revenue Forms

Eligibility Requirements for the Homestead Tax Deferral Program

An application will become available November 1 online, or by contacting our office at (305) 295-5070 .

• Must be entitled to claim homestead tax exemption. To qualify for the homestead tax exemption, contact the Monroe County Property Appraiser’s Office at (305) 292-3420 or their website here .
• 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 31st, following the year in which the taxes and non-ad valorem assessments are assessed.

Property Tax Services

• Property Taxes
• Pay Property Taxes
• Taxing Authorities
• Tangible Personal Property Tax
• Non-Ad Valorem Assessments
• Important Dates & Discount Periods
• Property Tax Alternative Payment Options
• Homestead Tax Deferral Program
• Exemption Information
• Confidentiality Request
• Tax Certificate Information
• Change of Address Request

You may pay your property taxes online. Please note that a credit card will charge a 2.5% service fee. You may pay with an E-Check at no additional charge.

The Monroe County Tax Collector is a proud member of the Florida Tax Collectors Association.
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CUSTODIAN OF PUBLIC RECORDS:
Office of the Monroe County Tax Collector
1200 Truman Ave., Ste 101
Key West, FL 33040
(305) 295-5090

In accordance with 2017-21, Laws of Florida / § 119, Florida Statutes

SUMMONS AND SUBPOENAS:
Sam C. Steele, Monroe County Tax Collector
1200 Truman Ave., Ste 101
Key West, FL 33040

OVERNIGHT DELIVERIES:
Sam C. Steele, Monroe County Tax Collector
1200 Truman Ave., Ste 101
Key West, FL 33040

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