October 26, 2021

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

 

Florida Business News

Florida Trend Video Pick

Have the Florida Keys outgrown the Overseas Highway?
Have the Florida Keys outgrown the Overseas Highway?

The Overseas Highway has seen increased traffic as more visitors make their way down to the Florida Keys. Now, some are questioning whether the archipelago has outgrown the highway.

 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think patients should have better access to their medical records?

  • Yes
  • No
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2021 Trend Magazines Inc. All rights reserved.