Is there a property tax exemption for people 65 and older in Palm Beach and Broward?

Yes, but it is income-limited and set locally: Florida lets counties and cities grant an extra homestead exemption of up to $50,000 to owners 65 and older whose household income is under a cap, which was $38,686 for the 2026 exemption. Palm Beach County and Broward County both offer it against county taxes, city taxes are reduced only where the city adopted its own version, and school taxes are not reduced. The extra exemption for owners 65 and older requires homestead and household income under a yearly limit. The 2026 income limit was $38,686, based on prior-year income. It reduces county taxes and only the city taxes of cities that adopted it, never school taxes. A larger long-term-resident version exists in some cities for owners of 25 years with homes valued under $250,000. File by March 1 and report if your income rises above the limit.

Florida Property Tax Exemption for People 65 and Older

Who qualifies?

Under section 196.075, this exemption is a local option. To qualify you must be 65 or older as of January 1, already have the homestead exemption on the home, and have household income at or below the limit. Household income means the combined adjusted gross income of everyone living in the home as a housing unit, not counting boarders or renters.

The income limit started at $20,000 in the statute and is adjusted each January for inflation. For the 2026 exemption, both the Palm Beach and Broward property appraisers list a limit of $38,686, based on the prior year's income, and a new figure is set for 2027.[1][2][3]

What is it worth in Palm Beach and Broward?

A local ordinance can only reduce taxes levied by the government that adopted it, so this exemption never lowers school taxes.

Palm Beach County: the county grants a $25,000 exemption, which the property appraiser estimates saves about $120 a year; some cities add their own amount.
Broward County: the exemption applies to the county portion of the bill, plus city taxes only in cities that adopted it; the property appraiser says it saves the average recipient nearly $300 a year.
Long-term residents: owners who meet the age and income limits, have lived in the home at least 25 years and had a just value under $250,000 when first applying can get an exemption equal to the assessed value for the adopting government's taxes. In Palm Beach County, only Boynton Beach and Delray Beach offer it; in Broward, the county and cities including Fort Lauderdale and Pompano Beach have adopted it.[1][2][4]

How do you apply and keep it?

First-time applicants must file a sworn statement of household income with the property appraiser by March 1, along with supporting income documents. Broward's property appraiser says that since 2022 the exemption renews automatically after the first approval unless your income goes over the limit, which you must report; if you move, you must apply again at the new home.

Other exemptions can apply on top of homestead, such as $5,000 for a widow or widower and, for honorably discharged veterans 65 or older with a combat-related disability, a tax discount equal to the disability percentage. Ask the property appraiser to review which ones fit your situation.[1][4][5][6]

Key takeaways

The extra exemption for owners 65 and older requires homestead and household income under a yearly limit.
The 2026 income limit was $38,686, based on prior-year income.
It reduces county taxes and only the city taxes of cities that adopted it, never school taxes.
A larger long-term-resident version exists in some cities for owners of 25 years with homes valued under $250,000.
File by March 1 and report if your income rises above the limit.

Sources

Reviewed October 11, 2026. General real-estate information for Florida, not legal, tax, lending or insurance advice. Laws, rates and deadlines change — confirm property-specific facts with the agency cited, a Florida real-estate attorney, CPA or licensed insurance agent.