1983-10 Homestead ExemptionRESOLUTION NO. 83-10
A RESOLUTION OF THE CITY OF OKEECHOBEE, FLORIDA REQUESTING THE FLORIDA
LEAGUE OF CITIES TO SUPPORT LEGISLATION TO CHANGE THE HOMESTEAD EXEMP-
TION LAW TO PROVIDE FOR THE TAXING OF THE FIRST TEN THOUSAND DOLLARS
OF PROPERTY VALUE AND EXEMPTING THE NEXT TWENTY FIVE THOUSAND DOLLARS
OF VALUE.
WHEREAS, the present Homestead Exemption Law has severly reduced tax revenue to th
cities of the State of Florida; and
WHEREAS, in many cities one quarter to one third of the residents pay no taxes wha
soever; and
WHEREAS, it would be more equitable to develop a formula where all residents would
pay a small tax;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OKEECHOBEE,
FLORIDA as follows:
1. The City Council requests the Florida League of Cities to adopt, endorse and
submit to the Florida Legislature at its next session a resolution or other
appropriate document requesting a change in the Homestead Exemption Law to
provide for the taxing of the first ten thousand dollars of value of residenti•
property and the exemption of the next twenty five thousand dollars of value
in order to spread the tax burden more equitably between the residential and
commercial sections of the community.
2. This resolution shall take effect upon its adoption.
Introduced and passed in regular session assembled this 12th day of September
1983.
Mayor T
ATTEST: