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WHAT YOU NEED TO DO NOW THAT AMENDMENT 1 HAS PASSED
BY
Kristina Kulpa
Hendry County Property Appraiser
Now that Amendment One has passed, my office is here to
continue to serve you. The following
are some key points you will need to know.
- Additional Homestead Exemption - If
you currently have homestead exemption on your primary residence no action
is required by you. The additional
$25,000 homestead exemption will apply to all ad valorem tax levies EXCEPT SCHOOL DISTRICT LEVIES.
- Homestead Exemption Portability - If
you relinquished your previous Florida homesteaded property in 2007 and
are applying for homestead or have already applied for homestead in 2008
you may be eligible for the new “portability
exemption”. Please contact our
office and my staff will provide you with proper documents to verify your
eligibility and complete your application.
- Tangible Personal Property Exemption
– Under this revision the first $25,000 in value of the furniture,
fixtures and equipment currently being taxed will be exempt from taxation;
excluding Mobile Homes requiring an
annual DMV Decal.
- Businesses with tangible personal property assets will be required to
file an initial return to qualify.
- Non-Homestead Property - This
property will be eligible for a 10% assessment
- Cap effective January 1, 2009. No
application is necessary in 2008. The Cap will be available to
those who apply by March 1, 2009.
For more Amendment 1 information, please visit the DOR web site
We will be updating our website with additional information
and forms as they are made available to us.
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