Florida DOR Releases Property Tax Form DR-501TS, Designation of Ownership Shares of Abandoned Homestead

The Florida Department of Revenue Dec. 1 released Form DR-501TS, Designation of Ownership Shares of Abandoned Homestead, for property tax purposes. The form includes information that taxpayers must: 1) file this form if they and their spouse (or former spouse) are current or former joint owners of qualifying property and want to designate shares of the homestead assessment difference; 2) submit this form to the property appraiser in the county where the abandoned homestead is located before submitting a Form DR-501T, Transfer of Homestead Assessment Difference, for a new homestead; and 3) attach a copy of this form to their ...