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homestead exemption ; providing for definitions ; <br /> providing for annual adjustment of the income <br /> limitation ; providing for an annual submittal of a <br /> sworn statement of household income ; and providing <br /> for severability, codification and an effective date . <br /> ORDINANCE NO , 2001 - 021 <br /> AN ORDINANCE OF INDIAN RIVER COUNTY , FLORIDA , <br /> PURSUANT TO SECTION 196 . 075 , FLORIDA STATUTES <br /> (2000) , ALLOWING AN ADDITIONAL $25 , 000 HOMESTEAD <br /> EXEMPTION FOR TAXES LEVIED BY INDIAN RIVER <br /> COUNTY AND ITS DEPENDENT SPECIAL DISTRICTS AND <br /> MUNICIPAL SERVICES TAXING UNITS FOR CERTAIN <br /> PERSONS WHO HAVE ATTAINED AGE SIXTY- FIVE WHO <br /> MEET THE CONSTITUTIONAL AND STATUTORY <br /> REQUIREMENTS FOR SUCH ADDITIONAL HOMESTEAD <br /> EXEMPTION ; PROVIDING FOR DEFINITIONS ; PROVIDING <br /> FOR ANNUAL ADJUSTMENT OF THE INCOME LIMITATION ; <br /> PROVIDING FOR AN ANNUAL SUBMITTAL OF A SWORN <br /> STATEMENT OF HOUSEHOLD INCOME ; AND PROVIDING <br /> FOR SEVERABILITY, CODIFICATION , AND AN EFFECTIVE <br /> DATE . <br /> WHEREAS , Article VII , Section 6 (f) of the Constitution of the State of Florida <br /> authorizes the legislature , by general law , to allow counties or municipalities to grant an <br /> additional homestead tax exemption not exceeding twenty-five thousand dollars ($25 , 000 ) <br /> to any person who has the legal or equitable title to real estate and maintains thereon the <br /> permanent residence of the owner and who has attained age sixty-five and whose <br /> household income does not exceed twenty thousand dollars as adjusted periodically for <br /> changes in the cost of living ; and <br /> WHEREAS , Section 196 . 075 , Florida Statutes (2000 ) , authorizes the board of <br /> county commissioners of any county to adopt an ordinance to allow an additional <br /> homestead exemption of up to $25 , 000 for any person who has the legal or equitable title <br /> to real estate and maintains thereon the permanent residence of the owner, who has <br /> attained age 65 , and whose household income does not exceed $ 20 , 000 as adjusted <br /> periodically for changes in the cost of living ; and <br /> WHEREAS , by operation of law, the income limitation for the additional homestead <br /> exemption for year 2001 is $20 , 680 ; and <br /> WHEREAS , the Board of County Commissioners elects to implement the additional <br /> homestead exemption pursuant to , Article VII , Section 6 (f) of the Florida Constitution , and <br /> Section 196 . 075 , Florida Statutes (2000 ) , <br /> Be It Ordained by the Board of County Commissioners of Indian River County , <br /> Florida : <br /> AUGUST 21 , 2001 ? � � 2 <br /> - 35 - <br /> w <br /> i£y <br />