Quote:
Originally Posted by TREE
Could you tell me more about that last exemption you mentioned concerning an additional $25,000 if your income is less than $27,000? I hadn't ever heard about that.
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There's a form that you need to submit each year to get this tax exemption; the form is available at the Tax Collectors' office (if you're in Sumter Cty, it's at the back of the Sumter Sherriff's Office on Rte 466).
Additional Homestead Exemption for Persons 65 and Older
As provided in Section 196.075, F.S., in accordance with s. 6(f), Art. VII of the State Constitution, the board of county commissioners of any county or the governing authority of any municipality may adopt an ordinance to allow an additional homestead exemption of up to $25,000 for any person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner, who has attained age 65, and whose household income does not exceed the current adjusted income limitation in the chart to the right.
This exemption applies only to tax millage levied by the county or city that enacts the exemption, and does not apply to millage of school districts or other taxing authorities.
View the counties and municipalities that have implemented this special tax benefit.
* The percentage changes shown are rounded to the nearest tenth of a percent. The income limitation amounts are based on the unrounded CPI data.
Senior Homestead Exemption
Year
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% Change*
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Adjusted
Income
Limitation
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2009 3.8% $25,873
2008 2.9% $24,916
2007 3.2% $24,214
2006 3.4% $23,463
2005 2.7% $22,693
2004 2.3% $22,096
2003 1.6% $21,599
2002 2.8% $21,259
2001 3.4% $20,680