File #: ID 2018-531    Version: 1 Name:
Type: Ordinance - 1st Reading Status: Second Reading
File created: 9/27/2018 In control: Regular City Commission Meeting
On agenda: 10/17/2018 Final action: 10/17/2018
Title: AMENDING CHAPTER 37 - TAXATION, ARTICLE III. ADDITIONAL HOMESTEAD EXEMPTION; PROVIDING FOR ALTERNATE ADDITIONAL HOMESTEAD EXEMPTION FOR LOW-INCOME SENIOR CITIZENS WHO ARE LONG-TERM RESIDENTS; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. ORDINANCE

 

TO:                     Mayor and City Commission

 

FROM:                     Samuel A. May, City Manager

 

DATE:                     October 17, 2018

 

 

Title

AMENDING CHAPTER 37 - TAXATION, ARTICLE III. ADDITIONAL HOMESTEAD EXEMPTION; PROVIDING FOR ALTERNATE ADDITIONAL HOMESTEAD EXEMPTION FOR LOW-INCOME SENIOR CITIZENS WHO ARE LONG-TERM RESIDENTS; PROVIDING FOR AN EFFECTIVE DATE.

 

Body

 

 

BACKGROUND:                                           Pursuant to Florida Statute 196.075, the City may adopt an ordinance to allow an additional homestead exemption for low-income senior citizens who have maintained residency for at least 25 years. This proposed ordinance would provide the additional exemption for eligible seniors.

 

 

RECOMMENDATION:                     For consideration.

 

 

FISCAL IMPACT:                     Approximately $12,923.

 

 

CONTACT PERSON:                     Samuel A. May, City Manager