September 1, 2014

Tallahassee Trend - The Amendments

Florida Amendment 11 - Senior Homestead Tax Exemption

The proposal would affect seniors with annual household income under $27,030.

Amy Keller | 9/4/2012

Main Sponsors: Sen. Rene Garcia (R-Hialeah) and Rep. Jose Oliva (R-Hialeah/Miami)

Title: Additional Homestead Exemption

What It Does: Allows counties and municipalities to grant an additional homestead tax exemption equal to the assessed value of the homestead property for low-income senior citizens

Background: Homeowners who are 65 years or older with an annual household income less than $27,030 who live in homes with a just market value of less than $250,000 would get the exemption. The owner must have the title to the property and must have maintained a permanent residency at that home for at least 25 years.

Proponents: Passed the House and Senate unanimously

Opponents: None known

Budget Impact: Will cost local governments an estimated $9.1 million in fiscal year 2014-15 and $9.4 million in 2015-16

» See all of Florida's 2012 Amendments here.

Tags: Politics & Law, Florida-Amendments-2012

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years
Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years

The Hoop-Dee-Doo Musical Revue will mark its 40th anniversary this week after more than 37,000 dinner-show performances at Pioneer Hall, tucked away in Disney's Fort Wilderness campground.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

When will you retire?

  • Soon - within a year
  • 2-3 years from now
  • 4-6 years from now
  • 6-10 years from now
  • 10+ years from now
  • I can't envision retiring
  • Already retired!

See Results

Ballot Box
Subscribe