Quote:
Originally Posted by Villageswimmer
Would you know what the "senior" additional exemption of $15 k is? I'd like to know what the criteria is to qualify for it. I assume it's some income limit but can't find info on it. I've seen is on Sumter County properties but it may be available in the other counties as well. Properties I've seen it on are not lower end ones.
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I don't see anyone posts that answer your question, so here is what I know. You would need to file form DR-501SC. I believe it has to be filed by March 1st and you would need to include a copy of your federal income tax return. This year the income limit is $28,841, it changes yearly by usually going higher. However the deadline has passed for this year. You can receive a discount up to $50,000 off your home's value. In Sumter County take the completed 501sc and a copy of your tax return to the 'Gold Dome' building, inside go to the right, and it's the last office on the left before the driver's license waiting area. It's a small office shared by the VA.
Here is the form:
http://floridarevenue.com/dor/proper...nt/dr501sc.pdf
Here is the income chart, it's the last group, fourth down:
FL Dept Rev - Florida Property Tax Valuation and Income Limitation Rates
the legal requirements:
An exemption not exceeding $50,000 to any person who has the legal or equitable title to real estate, maintains permanent residence on the property, is 65 or older, and whose household income does not exceed the household income limitation; 2017 - $28,841