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1043 Additional Homestead Exempton ORDINANCE NO. 1043 • AN ORDINANCE OFTHE CITY OF OKEECHOBEE, FLORIDA; PROVIDING AN ADDITIONAL HOMESTEAD EXEMPTION FOR PERSONS 65 AND OLDER AS AUTHORIZED BY SECTION 196.075, FLORIDA STATUTES; PROVIDING FOR SCOPE OF THE EXEMPTION AND PROCEDURES FOR MAKING APPLICATION FOR THE ADDITIONAL EXEMPTION; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, Section 196.075, Florida Statutes, provides in accordance with Section 6(f), Article VII of the Florida State Constitution, that the City of Okeechobee may adopt an Ordinance to allow an additional Homestead Exemption for any person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner, who has obtained age sixty-five (65) years, and whose household income does not exceed $20,000.00, as adjusted by the consumer price index; and WHEREAS, the City of Okeechobee has a number of lower income residents who would meet the qualifications to receive an additional Homestead Exemption; and WHEREAS, it is in the best interest of the City of Okeechobee and its citizens that elderly low income residents receive assistance through the provision of an additional Homestead Exemption; and WHEREAS, estimates of the fiscal impact of granting various amounts of an additional exemption have been provided by the Okeechobee County Property Appraiser's Office. NOW, THEREFORE, it is ordained before the City Council for the City of Okeechobee, Florida; presented at a duly advertised public meeting; and passed by majority vote of the City Council; and properly executed by the Mayor or designee, as Chief Presiding Officer for the City: SECTION 1. That this Ordinance is being adopted under the Non-Emergency Ordinance procedure specified in Chapter 166, Florida Statutes. SECTION 2. In accordance with Section 196.075(2), Florida Statutes, an additional Homestead Exemption of $25,000.00 shall be granted for any person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner, who has attained age sixty-five (65) years and whose household income does not exceed $25,873.00, and as adjusted annually on January 1, 2011 and subsequent years. If title is jointly held with right of survivorship, the person residing on the property and who otherwise qualifies, may receive the entire amount of the additional Homestead Exemption. SECTION 3. • That beginning January 1, 2010, the exemption amount described in Section Two above, shall be adjusted annually on January 181 by the percentage change in the average cost of living index in the period January 1 st through December 31 st of the immediate prior year compared with the same period for the year prior to that. The Page 1 of 3 index is the average of the monthly consumer price index figures for the stated 12 month period, relative to the United States as a whole, issued by the United States Department of Labor. SECTION 4. That the exemption granted by this Ordinance applies only to ad valorem taxes levied by the City of Okeechobee and shall not apply to any other unit of government. SECTION 5. That the additional exemption provided by this Ordinance shall become effective for the 2010 calendar year and thereafter until amended or appealed. SECTION 6. That any tax payer claiming the exemption provided herein shall annually submit to the Property Appraiser, not later than March 1 st, a sworn statement of household income on a form prescribed by the Department of Revenue. The application shall be accompanied by copies of any federal income tax return for the prior year, any wage or earning statements (W-2 forms), and any other documents required by Section 196.075, Florida Statutes or Rules promulgated by the Department of Revenue pursuant to that statute. The Tax Payer by sworn statement must attest to the accuracy of the copies and the Property Appraiser shall not grant the exemption without the required documentation. SECTION 7. That any person who is not entitled to the additional Homestead Exemption and was granted such an exemption is subject to penalties, interest and liens pursuant to Section 196.075(9). SECTION 8. The City Clerk shall, prior to December 1, 2009, provide a copy of the Ordinance approving this Article to the Property Appraiser, and, in the event this Article is subsequently repealed or modified, notification of such repeal or modification shall be provided to the Property Appraiser not later then December 15t of the year prior to the year in which the Homestead Exemption provided herein expires or is modified. SECTION 9. The City Council of the City of Okeechobee hereby reserves the right to appeal, in part or in its entirety, the additional Homestead Exemption provided in this Article. Nothing herein shall be construed as creating a vested or other legal or equitable right to the additional Homestead Exemption provided in this Article. SECTION 10. In the event a court of competent jurisdiction shall hold or determine that any part of this Ordinance is invalid or unconstitutional, the remainder of the Ordinance shall not be affected thereby, and it will be presumed that the City Council of the City of Okeechobee did not intend to enact such invalid or unconstitutional provision. It shall further be assumed that the City Council would have enacted the remainder of this Ordinance without said invalid and unconstitutional provision, thereby causing said remainder to remain in full force and effect. Page 2 of 3 SECTION 11. That the sections, subsections, paragraphs and other divisions contained in this • Ordinance may be re-numbered for incorporation or consistency with any existing or future codification of the Ordinances of City of Okeechobee, Florida. SECTION 12. That this Ordinance shall take effect upon receipt of the official acknowledgment from the Office of the Secretary of State of Florida in the manner prescribed by law. INTRODUCED for first reading and set for final public hearing on this 1r day of March. `r James E. Kirk, Mayor ATTEST: ~m A , i,rigs, Deputy Clerk PASSED AND ADOPTED after Second and Final Public Hearing this 7th day of April, 2009. James E. Kirk, Mayor ATTEST:: l~sdr~ix gs,,a Deputy Clerk REVIEWED FOR LEGAL SUFFICIENCY: John . Cook, City Attorney • Page 3 of 3