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.