(A) Any person 65 years of age or older who has legal or equitable title to real estate located within the city and who maintains thereon his or her permanent residence, and which residence qualifies for and receives homestead exemption pursuant to § (6)a, Article VII of the Florida Constitution, and whose household income does not exceed $20,000 (and as may be annually adjusted) shall be entitled to make application for an additional homestead exemption of up to $50,000.
(B) The additional homestead exemption, if granted, shall be applicable to all ad valorem tax millage rates levied by the city; and, if applicable, shall be subject to the provisions of F.S. §§ 196.131 and 196.161. If title to the property is held jointly with right of survivorship, the person residing on the property and otherwise qualifying for the additional homestead may receive the entire amount of the additional homestead exemption provided herein.
(C) The additional homestead exemption provided herein shall be available to qualified persons beginning with the year 2002 tax roll as soon as the appropriate forms are available from the State Department of Revenue.
(Ord. 430, passed 11-12-2002; Ord. 546, passed 6-12-2007)