Title
ORDINANCE NO. 19O-10-146; AN ORDINANCE AMENDING THE CODE OF ORDINANCES CHAPTER 19, TAXATION AND FINANCE, ARTICLE III, AD VALOREM, CREATING SECTION 19-46, ADDITIONAL HOMESTEAD EXEMPTION; INCREASING THE SENIORS ADDITIONAL HOMESTEAD EXEMPTION FROM $25,000 FOR PERSONS SIXTY-FIVE YEARS AND OLDER IF CERTAIN REQUIREMENTS ARE MET TO $50,000; PROVIDING TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY MAYOR KEN THURSTON)
Body
Request Action:
Pass an Ordinance approving an additional senior homestead exemption for certain qualifying persons age 65 or older.
Need:
To approve a second additional senior homestead exemption.
Summary Explanation/ Background:
Mayor Ken Thurston has requested the passage of an ordinance to approve a second additional senior homestead exemption for certain qualified persons age 6 5or older. The senior who owns the property must also meet the adjusted household income limitation, have maintained permanent residence at the property for at least 25 years, and for which the property that the owner has title has a just value less than $250,000 as determined in the first tax year that the owner applies and is eligible.
Attachments:
Florida Statute.
Cost Summary/ Fiscal Impact:
Estimated to equate to a $15,000 tax loss this upcoming year.
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhil...
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