Local Option Homestead Exemption for Limited-Income Seniors

State

Florida

Year

2019

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

A county or municipality may provide additional exemptions. Both options may be available to those with limited income. This option is to provide an addition exemption up to $50,000 for those with limited income.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Principal Residence

Other Criteria

Description of Eligibility Criteria

Property owner must be 65 years of age or older as of 1 January 2019, and must have 2018 income does not exceed $30,174 for relief in 2019, and must be a permanent Florida resident.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

State statutes do not provide for state funding for local tax loss.

Record ID

FL107_RR19

Footnotes

The ordinance requires a taxpayer claiming the exemption to annually submit a sworn statement of household income, on a form prescribed by the Department of Revenue, to the property appraiser not later than 1 March. The income limitation shall be adjusted annually on 1 January by the percentage change in the average cost-of-living index, determined by the state. A homestead damaged by misfortune or calamity that is uninhabitable on 1 January may qualify for the exemption if (a) the homeowner is otherwise qualified for a homestead exemption and (b) the homeowner intends to rebuild or repair the property within 3 years. Failure to rebuild or repair within 3 years constitutes an abandonment of the property as a homestead.

Sources

Fla. Stat. § 196.075 (in effect for 2019)
Source Constitution: 
Fla. Const. Art. VII §6(d)
Florida Department of Revenue, Adjusted Gross Household Income Sworn Statement and Return, (2019)
[http://floridarevenue.com/property/Documents/dr501sc.pdf Accessed 11/23/2020]
View Archived Source

Florida Department of Revenue, Florida Property Tax Valuation and Income Limitation Rates
[http://floridarevenue.com/property/Documents/AdditionalHomesteadExemptions.pdf Accessed on 12/08/2020]
View Archived Source

Florida Department of Revenue, Original Application for Homestead and Related Tax Exemptions
[http://floridarevenue.com/property/Documents/dr501.pdf accessed 12/08/2020]
View Archived Source

Brevard County Property Appraiser, Additional Exemption for Limited-Income Senior Citizens
[https://www.bcpao.us/Docs/Brochures/Brochure_Seniors.pdf accessed 12/08/2020]
View Archived Source
Florida Department of Revenue, Property Tax Oversight (2019)
[https://floridarevenue.com/property/pages/forms.aspx accessed 11/23/2020]
View Archived Source

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