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Fort Walton Beach Ordinance — 1730 65yo Homestead Exemption — reading text
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READING DATE
1st
2nd
ORDINANCE No. 1730
AN ORDINANCE OF THE CITY OF FORT WALTON BEACH,
FLORIDA; AMENDING SECTION 4.04. 02, ENTITLEMENT, OF
THE CODE OF ORDINANCES TO ESTABLISH AN
ADDITIONAL HOMESTEAD EXEMPTION OF $ 50, 000 FOR
CERTAIN PERSONS WHO HAVE ATTAINED THE AGE OF
SIXTY-FIVE AND WHOSE HOUSEHOLD INCOMES DO NOT
EXCEED $ 24,214; PROVIDING FOR AUTHORITY; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the citizens of the State of Florida, including the residents of the City of
Fort Walton Beach, voted overwhelmingly to amend the Constitution of the State of Florida to
allow certain senior citizens an additional homestead tax exemption; and
WHEREAS, the City Council of the City of Fort Walton Beach does hereby find it is in
the best interest of the public health, safety and welfare of the Fort Walton Beach' s senior
citizens that such a homestead tax exemption be adopted for the City' s permanent residents
sixty-five years of age and older, and
WHEREAS, pursuant to the authority conferred by Section 6( f)Article VII of the
Florida Constitution and Section 196. 075, Florida Statutes, as amended, the City Council of the
City of Fort Walton Beach does hereby grant an additional homestead tax exemption of
50,000 to any person who has legal or equitable title to real estate and maintains thereon the
permanent residence of such owner, who has attained age 65, and whose household income
does not exceed $ 20,000; and
WHEREAS, pursuant to the authority conferred by Florida Statute Section 196. 075 ( 3)
beginning January 1, 2001 the $ 20,000 income limitation shall be adjusted annually, on or
before January 1, by the percentage change in the average cost- of living index in the period of
January 1, through December 31 of the immediate prior year compared with the same period
for the year prior to that. The index is the average of the monthly consumer-price- index figures
for the stated 12- month period, relative to the United States as a whole, issued by the United
States Department of Labor; and
WHEREAS, the Okaloosa County property appraiser, pursuant to Florida Statute, has
modified the $ 20, 000 income limitation by the consumer- price- index adjustment to $ 24,214 for
the 2007 year; and
WHEREAS, the Department of Revenue has advised that the City has until June 1,
2007 as the statutory deadline for filing this ordinance with the Property Appraiser' s Office.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF FORT WALTON BEACH,
FLORIDA:
SECTION 1. AMENDMENT OF SECTION 4. 04. 02, ENTITLEMENT, OF THE
CODE OF ORDINANCES.
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