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PTO Bulletin 16-08Property Tax Oversight Bulletin: PTO 16-08 To: Property Appraisers, Tax Collectors, Clerks of the Court, Boards of County Commissioners, Taxing Authorities, and Interested Parties From: Property Tax Oversight Program Date: November 9, 2016 Bulletin: PTO 16-08 FLORIDA DEPARTMENT OF REVENUE PROPERTY TAX INFORMATIONAL BULLETIN CONSTITUTIONAL AMENDMENT 5 2016 General Election Homestead Tax Exemption for Certain Senior, Low-income, Long-term Residents Voters approved Amendment 5 in the November 8, 2016, general election. This amendment created changes to section 6, Article VII and Article XII of the Florida Constitution. It revises the homestead tax exemption that counties or municipalities may grant for property with just value less than $250,000 that certain senior, low-income, long-term residents own. It specifies that just value is determined in the first tax year the owner applies and is eligible for the exemption. The amendment takes effect January 1, 2017, and applies retroactively to exemptions granted before January 1, 2017. To implement these new provisions in Amendment 5, the legislature enacted Chapter 2016-121, Laws of Florida (L.O.F.), which included the following additional items:  Amends section 196.075(2), Florida Statutes, to limit the just value determination, for purposes of the exemption, to the value as determined in the first tax year that the owner applies for and is eligible for the exemption  Individuals who were granted the exemption in prior years but became ineligible for the exemption because the just value of the individual’s homestead rose above $250,000 may regain the exemption if they are otherwise still qualified  Individuals who received the exemption before the effective date of the bill may apply to the tax collector for a refund for any prior year in which the property appraiser denied the exemption solely because the just value of the homestead property was greater than $250,000  Applies retroactively to the 2013 tax roll for any person who received the exemption before January 1, 2017 Bulletin PTO 16-08 November 9, 2016 Page 2 of 2 The full text of HJR 275 is available at http://www.flsenate.gov/Session/Bill/2016/0275/BillText/er/PDF. The full text of Chapter 2016-121, L.O.F., is available at http://laws.flrules.org/2016/121. The Department of Revenue has provided this bulletin for your general information. Please distribute to your staff who may be affected by the changes in the law. If you have questions about its contents, please send them to DORPTO@floridarevenue.com.