Talk of The Villages Florida - View Single Post - Additional Homestead Exemption if you are over 65?
Thread: Additional Homestead Exemption if you are over 65?
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Old 11-02-2018, 01:59 AM
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Nucky Nucky is offline
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Quote:
Originally Posted by EdFNJ View Post
"Senior Citizen Exemption for Persons Age 65 and Over. There is an additional $50,000 homestead exemption (Florida Statute 196.075) for person 65 and older. The adjusted gross income requirement for 2018 cannot exceed $29,454 for all members of the household."
Perfect Ed, I just didn't know the details but saw the difference in the taxes I pay and the taxes the people we bought from did pay. I figured being over 65 was the reason.