File #: ID 2018-577    Version: 1 Name:
Type: Ordinance - 2nd Reading Status: Agenda Ready
File created: 10/18/2018 In control: Regular City Commission Meeting
On agenda: 11/7/2018 Final action: 11/7/2018
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.  The City Commission approved first reading of this item at the October 17, 2018 City Commission meeting.

 

 

RECOMMENDATION:                     For consideration.

 

 

FISCAL IMPACT:                     Approximately $12,923.

 

 

CONTACT PERSON:                     Samuel A. May, City Manager