This is great for our seniors, they deserve a tax break!!!! This gives a break to folks on a limited income, maybe a bit better life in the golden days....
Governor Charlie Crist has signed legislation that will double the additional homestead exemption available to low-income seniors. The constitutional amendment to allow cities and counties to increase this additional homestead exemption to $50,000.
If local governments have already implemented the additional $25,000 exemption for low-income seniors, the legislation allows them to increase the exemption to $50,000 for the 2007 tax year. Currently, 53 counties and 158 cities have already implemented the additional exemption.
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Low Income Seniors Get Additional Tax Savings
Linear Mode
