Local Option Homestead Exemption for Seniors

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State

Florida

Year

2010

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

The benefit is an exemption from assessed value. Owner-occupiers 65 years of age or older with household incomes less than $25,780 are entitled to an additional exemption up to $50,000, if approved by the municipal governing authority and does not apply to the school district or other taxing authority.

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

Description of Eligibility Criteria

The applicant must be 65 years of age or older, and must have an income less than $25,780, and must have attained permanent Florida residency as of January 1.

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.

Enrollment Data

In 2010, the amount exempted for the additional exemption for senior claimants is $6,766,315,194.

Record ID

FL107_RR10

Footnotes

The homeowner must have legal title or beneficial title in equity of the property, and they also must make a good faith effort to make the property their permanent residence. The homestead exemption does not extend to residents claiming permanent residence in other states. 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 constitute an abandonment of the property as a homestead. Exemptions shall be applied as follows: $25,000 homestead exemption; $50,000 homestead exemption (if applicable); exemptions for widows/widowers, blind, and disabled persons; disabled ex-servicemembers and surviving spouses; local-option low-income senior exemption up to $50,000; and the veterans percentage discount.

Sources

Fla. Stat. § 196.075 (in effect for 2010)
Source Constitution: 
Fla. Const. Art. VII §6 (d)
2010 Florida Property Valuations & Tax Data (2011) Florida Department of Revenue [http://dor.myflorida.com/dor/property/resources/data.html Accessed 04/07/11]
General List of Exemptions in Florida, Homestead Exemption up to $50,000 [http://www.myflorida.com/dor/property/exemptions.html Accessed on 04/06/2010] View Archived Source
Listing of Counties and Cities that have adopted local option. http://dor.myflorida.com/dor/property/taxpayers/pdf/FLsrhx.pdf
Property Tax Valuation and Income Limitation Rates [http://www.myflorida.com/dor/property/limitations.html Accessed on 04/07/11] View Archived Source

To reference this webpage/table, please use the following citation:

Significant Features of the Property Tax. https://www.lincolninst.edu/residential-tax-relief/local-option-homestead-exemption-seniors-florida-2010 Lincoln Institute of Land Policy and George Washington Institute of Public Policy. (Local Option Homestead Exemption for Seniors; accessed: 04/18/2024 08:06:42 AM)

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