Amendment 11:Additional Homestead Exemption
Proposing an amendment to the State Constitution to authorize the Legislature, by general law and subject to conditions set forth in the general law, to allow counties and municipalities to grant an additional homestead tax exemption equal to the assessed value of homestead property if the property has a just value less than $250,000 to an owner who has maintained permanent residency on the property for not less than 25 years, who has attained age 65, and who has a low household income as defined by general law.
What your vote means
A YES means counties and municipalities will have the option to offer an additional homestead tax exemption to low-income senior citizens on homes valued at less than $250,000. To qualify, Floridians would have to be at least 65 years of age, have maintained residency at the home for at least 25 years, and must not have household incomes of more than $27,030 per year.
A NO means counties and municipalities will not be able to offer an additional homestead tax exemption to qualifying low-income senior citizens.