Okaloosa County Increases Homestead

Okaloosa County Board of Commissioners Increases Homestead Extension for Senior Citizens

The Okaloosa County Board of Commissioners voted to increase homestead exemptions from $25,000 to $50,000 for Senior Citizens at the regular meeting held Tuesday, May 15. The emergency ordinance proposed and approved applies to homeowners over the age of 65, with an annual income of up to $24,214.

The ordinance must be filed with the Okaloosa County Property Appraiser by June 1, 2007 in order to take effect in 2007. Furthermore, the ordinance was implemented in support of HJR 353, the joint resolution of the State of Florida, approved by voters in the November 2006 general election. The Board of County Commissioners unanimously approved the emergency ordinance for the maximum amount allowable of $50,000.

For more information, or a summary of the minutes, call 850.651.7105 or visit www.co.okaloosa.fl.us.

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