July 10, 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

South Florida waitresses to star in reality TV show
South Florida waitresses to star in reality TV show

Arlene Hames and Nancy Pisarzewski have worked as waitresses in Lauderdale-by-the-Sea for more than 40 years. Now they've been chosen to star in a Swiss reality show called "Job Swap."

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Should Florida ban dog racing?

  • Yes
  • Maybe - If it's good for the economy, keep it
  • No

See Results

Ballot Box
Subscribe