Tallahassee Trend - The Amendments
Florida Amendment 11 - Senior Homestead Tax Exemption
The proposal would affect seniors with annual household income under $27,030.
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