City of Hollywood - File #: PO-2017-19

• File #: PO-2017-19
• Version: 3
• Name: 2nd Additional Homestead Exemption
• Type: Ordinance
• Status: Passed
• File created: 8/31/2017
• In control: Special City Commission Meeting
• On agenda: 9/27/2017
• Final action: 9/27/2017
• Title: An Ordinance Of The City Of Hollywood Florida, Creating Section 105.31 Of The Code Of Ordinances; Creating A Second Additional Homestead Exemption For Low-Income Senior Citizens.

Date	Ver.	Action By	Action	Result
9/27/2017	3	Special City Commission Meeting	adopt on second and final reading	Pass
9/18/2017	2	Special City Commission Meeting	adopt on first reading	Pass

Title

An Ordinance Of The City Of Hollywood Florida, Creating Section 105.31 Of The Code Of Ordinances; Creating A Second Additional Homestead Exemption For Low-Income Senior Citizens.

Body

Staff Recommends: Approval of the Resolution

Explanation:

The Proposed Ordinance, §105.31 Additional Homestead Exemption; Assessed Value of Property with Just Value Less Than $250,000, will establish an additional homestead exemption for a person who has legal or equitable title to real property with a just value of less than $250,000, who has attained the age of 65 or older, who has maintained a permanent residence on said property for at least 25 years and whose personal household income does not exceed a certain annually adjusted income level. Based upon estimates obtained from the Broward County Property Appraiser’s Office, the fiscal impact of this additional homestead exemption for low-income senior citizens is a reduction of ad valorem tax revenues of approximately $65,000.00 at the current millage rate.

Recommended for inclusion on the agenda by:

Dr. Wazir Ishmael, City Manager

George R. Keller, Jr., Assistant City Manager for Finance and Administration, Interim Financial Services Director