110 W. New York Ave.
DeLand, FL 32720
County Council approves 'Save Our Seniors' tax exemption
By Pat Andrews
posted Jun 12, 2013 - 11:47:24am
While most of the constitutional amendments on the 2012 ballot were defeated by Floridians, one passed by a landslide. Amendment 11, known as the "Save Our Seniors" amendment, won 61.26 percent of the votes. Now, as municipalities start to look at their budgets for fiscal year 2013-14, they are looking at incorporating the amendment's provisions.
The Volusia County Council approved the exemption for low-income seniors during its June 6 meeting.
Save Our Seniors allows local governments to give property-tax breaks to older residents with household incomes of less than $27,030 a year, who have lived in their homes for 25 years or more.
How much will this cost the cities and county in tax revenues?
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