(A) Application of this section. Pursuant to an in accordance with Section 196.075. Florida Statutes, the additional homestead exemption as set forth in this section shall only apply to all taxes levied by the City of Hollywood, including, if any, dependent special districts and municipal service taxing units.
(B) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
HOUSEHOLD. A person or group of persons living together in a room or group of rooms as a housing unit, but the term does not include persons boarding in or renting a portion of the dwelling.
HOUSEHOLD INCOME. The adjusted gross income of all members of a household, as defined in section 62 of the United States Internal Revenue Code.
(C) Amount of Additional homestead exemption. Any person who meets the requirements set forth in (D) below, shall be eligible for an additional homestead exemption in the amount of $25,000. Such additional exemption shall not exceed $25,000 in accordance with Section 196.075, Florida Statutes.
(D) Requirements to obtain additional homestead exemption. Any person who as attained the age of 65 will be entitled to an additional homestead exemption if:
(1) the person has legal or equitable title to real estate; and
(2) the person maintains thereon the permanent residence of the owner; and
(3) the person has attained the age of 65; and
(4) the person's household income does not exceed $20,000; and
(5) the taxpayer claiming the above exemption must submit annually to the Broward County property appraiser, not later than March 1, a sworn statement of household income on a form prescribed by the Department of Revenue. The filing of this statement must be supported by copies of any federal income tax returns for the prior year, any wage and earnings statements (W-2 forms), and any other documents required by the Department of Revenue, for each member of the household, to be submitted by June 1st. The taxpayer's statement shall attest to the accuracy of such copies. The property appraiser may not grant the exemption without the required documentation.
(E) Household income. For purposes of (D) (4) above, beginning January 1, 2001, the $ 20,000 household income limitation shall be adjusted annually, on January 1, by the percentage change in the average cost-of-living index in the period January 1 through December 31 of the immediate prior year compared with the same period for the year prior to that. The index is the average of the monthly consumer-price-index figures for the stated 12 month period, relative to the United States as a whole, issued by the United States Department of Labor.
(F) If title is held jointly with right of survivorship, the person residing on the property and otherwise qualifying may receive the entire amount of the additional homestead exemption.
(Ord. 0-99-38, passed 11-3-99; O-2017-16, passed 9-27-17)
§ 105.31 ADDITIONAL HOMESTEAD EXEMPTION; ASSESSED VALUE OF PROPERTY WITH JUST VALUE LESS THAN $250,000.
(A) Application of this section. Pursuant to and in accordance with F.S. § 196.075, the additional homestead exemption as set forth in this section shall apply only to taxes levied by the city, including, if any, dependent special districts and municipal service taxing units.
(B) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
HOUSEHOLD. A person or group of persons living together in a room or group of rooms as a housing unit, but the term does not include persons boarding in or renting a portion of the dwelling.
HOUSEHOLD INCOME. The adjusted gross income of all members of a household, as defined in § 62 of the United States Internal Revenue Code.
(C) Amount of additional homestead exemption. Any person who meets the requirements set forth in division (D) below shall be eligible for an additional homestead exemption in the amount of the assessed value of the property.
(D) Requirements to obtain additional homestead exemption. Any person will be entitled to this additional homestead exemption if:
(1) The person has legal or equitable title to real estate with a just value less than $250,000, as determined in the first tax year that the owner applies and is eligible for the exemption;
(2) The person has maintained thereon the permanent residence of the owner for at least 25 years;
(3) The person has attained the age of 65;
(4) The person's household income does not exceed $20,000, as adjusted pursuant to division (E) below; and
(5) The person claiming the exemption submits annually to the Broward County Property Appraiser, not later than March 1, a sworn statement of household income on a form prescribed by the Florida Department of Revenue. The filing of this statement must be supported by copies of any federal income tax returns for the prior year, any wage and earnings statements (W-2 forms), any request for an extension of time to file returns, and any other documents the Department of Revenue finds necessary, for each member of the household, to be submitted for inspection by the property appraiser. The taxpayer's sworn statement shall attest to the accuracy of the documents and grant permission to allow review of the documents if requested by the property appraiser. Submission of supporting documentation is not required for the renewal of this exemption unless the property appraiser requests such documentation. The property appraiser may not grant the exemption without the required documentation.
(E) Household income. For purposes of (D) (4) above, beginning January 1, 2001, the $ 20,000 income limitation shall be adjusted annually, on January 1, by the percentage change in the average cost-of-living index in the period January 1 through December 31 of the immediate prior year compared with the same period for the year prior to that. The index is the average of the monthly consumer-price-index figures for the stated 12-month period, relative to the United States as a whole, issued by the United States Department of Labor.
(F) If title is held jointly with right of survivorship, the person residing on the property and otherwise qualifying may receive the entire amount of the additional homestead exemption.
(O-2017-16, passed 9-27-17)