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

§ 102-306. Approval by property appraiser.

Latest version.

If the property appraiser has received a timely filed application with all supporting documentation and is satisfied that the property is entitled to a reduction in assessment under this article, F.S. § 193.703, other applicable Florida Statutes, and the Florida Administrative Code, the property appraiser shall approve the application, and, to the extent herein authorized, the value of such residential improvements used as qualifying living quarters shall be excluded from the value of the property for purposes of ad valorem taxation. The value excluded shall not exceed the lesser of:
(1)

The increase in assessed value resulting from construction or reconstruction of the property for its use as living quarters; or

(2)

Twenty percent of the total assessed value of the property as improved.

(Ord. No. 06-15, § 1, 6-20-06)

                    
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