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 Islamorada
 Code of Ordinances
 Chapter 54. TAXATION
 Article II. AD VALOREM TAXES

  § 54-32. Additional homestead exemption for certain low income qualifying senior citizens.

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  • (a)

    For the purposes of this section, the terms "household" and "household income" shall have the same meaning as ascribed to them in F.S. § 196.075.

    (b)

    In accordance with Section 6(f), Article VII of the Florida Constitution and F.S. § 196.075(2), any person who meets the following criteria, shall be entitled to make application for an additional homestead exemption equal to the property's assessed value:

    (1)

    The person must have legal or equitable title to the property;

    (2)

    The homesteaded property must have a just (market) value less than $250,000.00;

    (3)

    The property must have been the permanent residency of the owner for a least 25 years;

    (4)

    The owner must be a minimum of 65 years of old; and

    (5)

    The owner's household income must not exceed the income limitations as established and adjusted pursuant to F.S. § 196.075(3) as amended, as provided for in subsection 54.31(f) of the Village Code.

    (c)

    Every person claiming the additional exemption pursuant to this section must file an application with the Monroe County Property Appraiser not later than March 1 of each year for which the additional exemption is claimed. The application shall include a sworn statement of household income for all members of the household, age, residency, property value and shall be filed on a form prescribed by the State of Florida, Department of Revenue. On or before June 1 of each year every applicant must file supporting documentation with the Monroe County Property Appraiser. The documentation shall include copies of all federal income tax returns, wage and earnings statements, any requests for extension of time to file a return, and any other documentation necessary to verify the income received by all of the members of the household for the prior year.

    (d)

    Failure to file the application and sworn statement by March 1, or failure to file the required documentation by June 1 of any given year, shall constitute a waiver of the additional exemption privilege for that year.

    (e)

    The additional exemption provided in subsection 54-32(b) up to the amount of the assessed value of the property, but not to exceed $250,000.00 shall be available commencing with the year 2013 tax roll, and the Monroe County Property Appraiser may begin accepting applications and sworn statements for the year 2013 tax roll as soon as the appropriate forms are available from the State of Florida, Department of Revenue.

(Ord. No. 13-11, § 2, 3-14-2013)