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Exemption for Construction of Living Quarters for Parents or Grandparents

Reference:
Article VII, Section 4

Summary:
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Proposes an amendment to the State Constitution to allow counties to exempt from taxation an increase in the assessed value of homestead property resulting from contructing living quarters for a parent or grandparent of the property owner or the property owner's spouse who is 62 years old or older. Limits the amount of such exemption to the increase in assessed value resulting from such construction or 20 percent of the total assessed value of the property as improved, whichever is less.

Sponsor:
The Florida Legislature

Status: Passed
Made Ballot: 05/16/2002 
Ballot Number: 7  
Election Date: 11/05/2002 
 Votes For: 3,206,142   
 Votes Against: 1,557,694   




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