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SENIOR EXEMPTION – How can I qualify for the Low-Income Seniors Additional Exemption?

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SENIOR EXEMPTION – How can I qualify for the Low-Income Seniors Additional Exemption?

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Many Florida senior citizens are eligible to claim an additional $25,000 exemption on Homesteaded property. This additional exemption — which applies only to the County’s portion of the taxes and city taxes for residents of cities that also adopted the additional exemption — saves the average Broward senior nearly $300 each year in taxes. In order to qualify for the $25,000 Low-Income Senior’s Additional Exemption for this year, an applicant must be 65 or older as of January 1 of this year AND have a combined HOUSEHOLD adjusted gross income for last year (2010) not exceeding $26,203 (adjusted annually by the percentage change in the average cost-of-living index). Please click here to learn more about filing for the Senior’s Additional Exemption.

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