§ 5-63. Additional homestead exemption.

(a)

Pursuant to the authority contained in F.S. § 196.075(2)(a), there is hereby adopted an additional homestead exemption of fifty thousand dollars ($50,000.00) for any person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner who has attained age sixty-five (65), and whose household income does not exceed twenty thousand dollars ($20,000.00), as calculated and adjusted in F.S. § 196.075(3) and subsection (c)(ii) below.

(b)

Pursuant to the authority contained in F.S. § 196.075(2)(b), there is hereby adopted an additional homestead exemption equal to the amount of the assessed value of the property for any person who has the legal or equitable title to real estate with a just value less than two hundred fifty thousand dollars ($250,000.00) and has maintained thereon the permanent residence of the owner for at least twenty-five (25) years, who has attained age sixty-five (65), and whose household income does not exceed the income limitation prescribed in subsection (a) above, as calculated and adjusted in F.S. § 196.075(3) and subsection (c)(ii) below.

(c)

The following requirements shall apply to the additional exemptions provided in subsections (a) and (b) above:

(i)

This additional exemption is applicable solely to ad valorem property taxes levied by the city. It does/does not apply to any dependent special districts within the city.

(ii)

Any taxpayer claiming the exemption annually must submit to the Broward County Property Appraiser's Office, not later than March 1, a sworn statement of household income on a form prescribed by the Florida Department of Revenue. The household income limitation shall be adjusted annually beginning January 1, 2001, in accordance with F.S. § 196.075(3).

(iii)

For the purposes of this section, the words "household" and "household income" shall have the meaning set forth in F.S. § 196.075.

(Ord. No. 454, § 1, 11-14-00; Ord. No. 454-07-A, § 1, 5-22-07; Ord. No. 454-14-A, § 2, 10-28-14)