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.
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