Property Tax Reduction For Select Seniors, Off The Radar In Alachua County
GAINESVILLE - 2012 wasn't just a presidential election year. For many Florida voters there were a number of proposed amendments, one of them-- Amendment 11. And while this tax reduction for low-income seniors who maintain long-term residency passed in Florida, in order for it to become effective it needs to be voted on by the county commission. Here in Alachua County it has not been brought up; at least not yet.
Amendment 11, the Additional Homestead Exemption. Basically, a tax reduction in property tax for senior citizens. This tax exemption is not for all senior citizens but only for those seniors that are 65 years and older, have a property valued at $250,000 or less and have owned that property for at least 25 years. They also need to be of low-income.
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