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The amendment takes effect January 1, 2017, and applies retroactively to exemptions granted before January 1, 2017. Proposing an amendment to the State Constitution to revise the homestead tax exemption that may be granted by counties or municipalities for property with just value less than $250,000 owned by certain senior, low-income, long-term residents to specify that just value is determined in the first tax year the owner applies and is eligible for the exemption. HOMESTEAD TAX EXEMPTION FOR CERTAIN SENIOR, LOW-INCOME, LONG-TERM RESIDENTS DETERMINATION OF JUST VALUE. If approved by voters, the amendment would take effect on January 1, 2017, and it would apply retroactively to exemptions provided before that date. The measure was designed to ensure eligible seniors' ability to be able to keep their tax exemption even if their home value exceeded $250,000 in the future. This requirement was established via Amendment 3 in 2006.Įlection results from Florida Division of Elections Overview Amendment designĪmendment 5 changed the existing language regarding homestead tax exemption so that the value of property owned by eligible senior citizens, those with a household income of $20,000 or less, could be assessed when they first apply for the exemption. It was approved.Ī "yes" vote supported revising existing tax regulations to specify that the value of property owned by senior citizens eligible for the homestead property tax exemption would be determined during the first year in which they apply for the exemption.Ī "no" vote opposed this proposal to revise existing tax regulations to specify that the value of property owned by senior citizens eligible for the homestead property tax exemption would be determined during the first year in which they apply for the exemption.įor a constitutional amendment to be enacted in Florida, it must win a supermajority vote of 60 percent of those voting on the question, according to Section 5 of Article XI. The Florida Property Tax Exemptions for Senior Citizens Amendment, also known as Amendment 5, was on the November 8, 2016, ballot in Florida as a legislatively referred constitutional amendment.