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Florida Seniors Could Get Additional Tax Breaks
February 8, 2012
The House Finance and Tax Committee on Tuesday approved a plan that could lead to additional homestead exemptions for low- and moderate-income seniors who have owned their homes for at least 25 years.
The plan would depend on voters approving a constitutional amendment in November. Also, cities and counties would have the option to grant the additional exemptions, which would equal the assessed value of property.
The proposal is aimed at people who are 65 years or older, have incomes up to about $27,000 and live in homes valued at $250,000 or less.
The Finance and Tax Committee unanimously approved the measures, sponsored by Rep. Jose Oliva, R-Miami Lakes.
Comments
3 Responses to “Florida Seniors Could Get Additional Tax Breaks”
They give here and take it away there, what possible difference could it make.
The only thing our legislatures do that helps anyone is vote things into their
OWN pockets, just like they decide when THEY get a raise.
THAT IS LIKE PUTTING THE MONKEY’S IN CHARGE OF THE
BANANA’S.
Why should they have to own it for 25 years? Why not 10 or 12 years? 25 years rules out a lot of low income seniors.
The value of $250,000 is great.but the income of only $27,000 is about 1/4th of what it should be. This should be set at about $1000.00 of income. Shucks I don’t think anyone with an income of $27,000 or less could aford to pay the taxes on the property even after another property deduction This is another farce. But our state legislators
think they are really doing the citizens a favor.