FL H0377

Amends section 196.075, Florida Statutes to revise homestead tax exemptions for seniors age 65 and older adopted by counties or municipalities by ordinance

Allows up to $50,000 exemption for persons age 65+ with legal or equitable title to real estate as permanent residence and household income not exceeding $20,000

Allows full assessed value exemption for property with just value less than $250,000 for persons age 65+ who have maintained permanent residence for at least 25 years and meet the same $20,000 income limitation, with just value determined at time of initial exemption application

Takes effect contingent upon approval of HJR 375 or similar joint resolution by voters at the general election in November 2016 or an earlier special election authorized by law