Article XVII. ADDITIONAL REDUCTION IN ASSESSED VALUE FOR QUALIFYING LIVING QUARTERS OF PARENTS OR GRANDPARENTS OF OWNERS OF PROPERTY RECEIVING HOMESTEAD EXEMPTION

§ 29-125. [Reduction in accordance with Florida Constitution and Statutes.]

Latest version.

In accordance with Section 4(e), Article VII of the Florida Constitution and Section 193.703 of the Florida Statutes, the assessed value of homestead property may be annually reduced in accordance with the provisions of this ordinance and applicable Florida Statutes, if the property has increased in value resulting from the construction or reconstruction of the property for the purpose of providing living quarters for one or more natural or adoptive parents or grandparents of the owner of the property or of the owner's spouse and if at least one of the parents or grandparents for whom the living quarters are provided resides thereon and is at least 62 years of age.

(Ord. No. 04-25, § 1, 2-3-04)

                    
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