Holness Gives Back to Elderly with Proposal of Property Tax Exemption
Commissioner Dale Holness can recall a chance encounter with a senior homeowner who couldn’t afford to insure her house because her annual income in Social Security payments was only $11,000.
“It saddened me to see those who served our community for many years and worked to build what we enjoy, not be able to reap the fruits of their labor,” Holness said.
His concern for elderly residents prompted Holness to sponsor a tax break for low-income, older homeowners.
Low-income seniors in Broward already receive a $25,000 exemption that reduces county property taxes, which more than 20,000 homes benefit from. The new proposal, sponsored by Holness, would double the exemption to $50,000 for senior homeowners in Broward County who are 65 or older and whose household income is not more than $28,482 a year, or $2,373 a month.
If the legislation is passed on Aug. 16, the savings would range from less than $1 to more than $500, depending on the tax break and the homeowner. Holness knows that saving even a small amount would be a great help to elderly residents in the community.
“An extra $200, $300 for the year is a substantial amount of money for many people who are very low income,” Holness said, “and there are many of our seniors who fall into that category.”