An update to my prior post: Florida Amendment 11 has passed. It was one of only three amendments on the ballot that received the necessary 60% approval. The Florida Senior Homestead Tax Exemption Amendment will help low-income seniors by giving Florida cities and counties the ability to provide them with additional property tax relief. Additional eligibility requirements include:
- The homeowner must be 65 years of age or older
- The homeowner must have lived in the home for a minimum of 25 years
- The homeowner's annual income may not exceed $27,500
- The value of the home may not exceed $250,000.