Reso 2025-3811 - Laserfiche WebLink

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Florida Senate - 2025 SB 1018 11-01515-25 20251018 30 assessed valuation of $75,000 c''� on the residence and 31 contiguous real property. However, an exemption of more than 32 $75,000 C7�v is not allowed to any one person or on any one 33 dwelling house, except that an exemption up to the assessed 34 valuation of $75,000 $2F��P may be allowed on each apartment or 35 mobile home occupied by a tenant -stockholder or member of a 36 cooperative corporation and on each condominium parcel occupied 37 by its owner. Except for owners of an estate held by the 38 entireties or held jointly with the right of survivorship, the 39 amount of the exemption may not exceed the proportionate 40 assessed valuation of all owners who reside on the property. 41 Before such exemption may be granted, the deed or instrument 42 shall be recorded in the official records of the county in which 43 the property is located. The property appraiser may request the 44 applicant to provide additional ownership documents to establish 45 title. 46 )— fres to r-eee- = - the ---'"_ en 47 48 e f�ip te $25,090 en the assessed valuatien greater than $50,004 49 ferall levies ether than seheel dtriet levies. The $75,000 50 C7�v value of the additional exemption provided in this 51 subsection shall be adjusted annually on January 1 of 52 each year for inflation using the percentage change in the 53 Consumer Price Index for All Urban Consumers, U.S. City Average, 54 all items 1967=100, or successor reports for the preceding 55 calendar year as initially reported by the United States 56 Department of Labor, Bureau of Labor Statistics, if such percent 57 change is positive. 58 (8) Unless the homestead property is totally exempt from ad Page 2 of 3 CODING: Wordssti=ieken are deletions; words underlined are additions. 173