Subject:
Title
Letter to Palm Bay re: Low-income Senior Citizen Additional Homestead Tax Exemption
End
Fiscal Impact:
None
Dept/Office:
D3 Commission Office
Requested Action:
Recommendation
Approve the attached letter to be sent to the City of Palm Bay by the Board.
Summary Explanation and Background:
Article VII Section 6(d) of the Florida Constitution and Florida State Statute Section 196.075(2) authorize counties and municipalities to enact an additional homestead tax exemption for citizens 65 and older that meet certain qualifying criteria. The City of Palm Bay does not offer this exemption and is proposing a tax increase.
Brevard County enacted an ordinance implementing this exemption in 2007. According to the Property Appraiser’s website, 11 of the 16 municipalities in the county have also enacted this exemption.
Clerk to the Board Instructions: