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<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue, Suite 250 <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />(305) 947-2150 Building Department <br />(305) 947.5107 Fax <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis J. Thaler, Vice Mayor <br />Gerry Goodman, Commissioner <br />Roslyn Br~z!f!, Commissioner <br />Danny Iglesias, Commissioner <br /> <br />OF su'" <br /> <br />A. John Szerlag, City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, CMC, City Clerk <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable City Commission . ~ <br /> <br />ffYl~ <br />Norman S. Edelcup, Mayor , ,f <br /> <br />FROM: <br /> <br />DATE: <br /> <br />May 17,2007 <br /> <br />RE: <br /> <br />Proposed Ordinance providing for an additional homestead exemption of up to <br />$50,000 for qualifying senior citizens <br /> <br />RECOMMENDATION: <br /> <br />This Ordinance is presented for your consideration and approval. <br /> <br />REASONS: <br /> <br />On November 7, 2006, the Florida Constitution was amended to increase the senior cItIzen <br />exemption up to $50,000.00. In order for the increased exemption to apply to the senior citizens <br />who live in our city, the City Commission is required to adopt a local ordinance. The ordinance <br />implementing the increased exemption must be delivered to the Property Appraiser's Office by <br />June 1,2007, to be effective for the 2007 tax year. <br /> <br />This increased exemption is available to senior citizens of Sunny Isles Beach who are 65 years or <br />older, maintain permanent residency with respect to their property, and whose combined <br />household adjusted gross income does not exceed the current 2006 adjusted income limitation of <br />$24,214.00. <br /> <br />The attached Ordinance will help alleviate the tax burden for low income senior citizens residing <br />in Sunny Isles Beach. The increased exemption will raise the total homestead exemption made <br />available to qualifying senior citizens from $25,000.00 to $50,000.00. With the additional senior <br />exemption, a senior citizen will be able to qualify for a total tax exemption of $75,000.00, which <br />includes the $50,000.00 senior citizen exemption and the $25,000.00 regular exemption. <br /> <br />HO/fa <br /> <br />Agenda Item 3 A <br />Date 5-1> - Of <br />