Commissioner Sosa wants seniors to keep their additional homestead exemption
(MIAMI-DADE COUNTY, FL) – Today, County Commissioners supported an urging, sponsored by Commissioner Rebeca Sosa, calling upon the state to enact legislation aimed at helping low-income seniors keep their additional homestead exemptions.
Miami-Dade County along with twenty other counties in the state of Florida, provide an additional homestead exemption to low-income seniors. However, state statutes allow for these seniors to become ineligible should their property value rise above $250,000. This resolution would freeze, for the purposes of the additional homestead exemption, property values for low-income seniors at the level of their initial applications, thus, preventing their ineligibility due to volatile swings in the real estate market.
“I get so many calls from seniors asking why they lost out on the additional homestead exemption,” said Commissioner Sosa. “They are already living with so little and to take this assistance away simply because the market becomes inflated is just wrong. We must continue working together to make sure they get the help they so dearly need.”
Link to legislation: http://www.miamidade.gov/govaction/legistarfiles/Matters/Y2015/152846.pdf