LOW-INCOME SENIOR EXEMPTION
In 2000, the Putnam County Board of County Commissioners enacted ordinance #2000-24 which implemented a constitutional amendment approved by Florida voters in 1998 intended to provide tax relief for low income senior citizens. The new Ordinance provided for an additional tax exemption (which is applied to County general millage only) for certain eligible senior citizen home owners. In October 2003, they voted to increase this exemption from $ 20,000 to $ 25,000.
In order to be eligible for this new exemption, you must meet the following requirements:
- You must meet the requirements for the regular $ 25,000 Homestead Exemption.
- At least one owner living in your home must have reached the age of 65 before January 1, of the application year.
- The total annual adjusted household income of all persons living in your home last year must not have exceeded the current adjusted income limitation. Please check with our office to find out the current adjusted household income limitation.
In order to receive this new exemption, eligible homeowners must file in person between January 1 and March 1 with the Property Appraiser's Office. Applications are available in our main office in Palatka. Applications can also be made in our satellite offices in Crescent City and Interlachen between January 1 and March 1.
THIS SENIOR EXEMPTION WILL NOT BE AUTOMATICALLY RENEWED. A NEW APPLICATION WILL NEED TO BE MADE EACH YEAR. However, once the first Senior Exemption application is applied for in person, future applications may be filed by mail.
In addition, before your application will be considered to be complete, Florida Law specifies certain financial records that must be provided by the applicants for all persons living in your home in order to prove household income levels. Some applicants will be required to submit Federal Income Tax Return Form 1040 and Wage Earnings Statement (W-2 Form). Other applicants (those who do not file income tax returns) must file a Social Security Statement Form (SSA 1099) and complete a Statement of Income. Since some of these records may not be available prior to your initial filing deadline of March 1, applicants will have until June 1, to furnish any previously unavailable financial records that are needed to complete your application.
SUPER SENIOR EXEMPTION
Additionally, if you meet the requirements above, have lived in your home for 25 years or more and the just value of the home is less than $ 250,000, you qualify for the Super Senior Exemption. The Super Senior Exemption exempts the assessed value of the homesteaded property in its entirety. This exemption applies to all taxing districts that have enacted it through local ordinance. Currently the following Taxing Authorities have passed ordinances enacting this exemption: Putnam County, City of Palatka, Crescent City, Town of Interlachen, Town of Pomona Park and Town of Welaka.
Please contact our office for further details on either of these exemptions.