Tax Breaks Approved by Florida House

By: Associated Press
By: Associated Press

Tallahassee, FL (AP) - February 23, 2012 --

The Legislature could let local governments limit property tax assessments and offer additional exemptions on homes of low-income seniors under a pair of ballot proposals passed in the House.

The chamber approved the proposed state constitutional amendments Thursday.

They would go on the November ballot if also passed by the Senate. Each needs 60 percent approval.

One measure (HJR 169) would allow for an additional tax exemption.

The other (HJR 55) would limit assessments to the previous year's value for homes that get an existing local option exemption for low-income seniors. The limit would apply if a home's market value is no more than 150 percent of a county's average homestead value.

Similar measures are moving in the Senate.


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