Bill > H0173

This bill increases the property tax exemption for certain Florida residents from $500 to $5,000, meaning these individuals will have an additional $4,500 of their property value shielded from property taxes. This enhanced exemption applies to widows, widowers, blind individuals, and those who are totally and permanently disabled, with "totally and permanently disabled" defined as someone certified as such by a licensed physician, the Department of Veterans Affairs, or the Social Security Administration. The changes made by this bill will be effective for tax years beginning on or after January 1, 2016, and the act itself will take effect upon becoming law.