[Adopted 3-12-1990 by L.L. No. 1-1990;
amended in its entirety 2-14-2022 by L.L. No. 1-2022]
A.
Commencing with the assessment rolls prepared for the taxable status
date occurring on June 1, 2022, and thereafter, real property owned
by one or more persons, each of whom is 65 years of age or over, or
real property owned by husband and wife, one of whom is 65 years of
age or over, shall be exempt from taxation by the Incorporated Village
of Atlantic Beach to the extent of the following percentages of the
assessed valuation thereof:
|
Annual Income
|
Percentage Assessed Valuation Exempt From Taxation
|
|---|---|
|
$29,000 or less
|
50%
|
|
$29,001 to $29,999
|
45%
|
|
$30,000 to $30,999
|
40%
|
|
$31,000 to $31,999
|
35%
|
|
$32,000 to $32,899
|
30%
|
|
$32,900 to $33,799
|
25%
|
|
$33,800 to $34,699
|
20%
|
|
$34,700 to $35,599
|
15%
|
|
$35,600 to $36,499
|
10%
|
|
$36,500 to $37,399
|
5%
|
B.
Such exemption shall be computed after all other partial exemptions
allowed by law have been subtracted from the total amount assessed
and shall be applicable to the assessment roll for the taxable year
immediately following application for exemption.
C.
The real property tax exemption on real property owned by husband
and wife, one of whom is 65 years of age or over, once granted shall
not be rescinded solely because of the death of the older spouse,
so long as the surviving spouse is at least 62 years of age.
No exemption shall be granted:
A.
If the income of the owner of the combined income of the owners of
the property exceeds the sum of $37,399 for the income tax year immediately
proceeding the date of making application for exemption. Where title
is vested in either the husband or wife, their combined income may
not exceed such sum. Such income shall include social security and
retirement benefits, interest, dividends, total gain from the sale
of exchange of a capital asset which may be offset by a loss from
the sale or exchange of net income from self-employment, but shall
not include a return of capital, gifts or inheritances.
B.
Unless the title of the property shall have been vested in the owner
or all the owners of the property for at least 24 consecutive months
prior to the date of making the application for exemption.
C.
Unless the real property issued exclusively for residential purposes.
D.
Unless the real property is the legal residence of and is occupied
in whole or in part by the owner or by all of the owners of the property.
Application for such exemption must be made by the owner or
all of the owners of the property, on forms prescribed by the State
Board, to be furnished by the Assessor of the Incorporated Village
of Atlantic Beach, and shall furnish the information and be executed
in the manner required or prescribed in such forms and shall be filed
in such Assessor's office on or before the taxable status date.
At least 60 days prior to the appropriate taxable status date,
the Assessor of the Incorporated Village of Atlantic Beach shall mail
to each person who was granted exemption pursuant to this section
on the latest completed assessment roll an application form and a
notice that such application must be filed on or before the taxable
status date and be approved in order for the exemption to be granted.
Failure to mail any such application form and notice or the failure
to such person to receive same shall not prevent the levy, collection
and enforcement of the payment of the taxes on property owned by such
person.
Any conviction of having made any willful false statement, in
the application for such exemption, shall be punishable by a fine
of not more than $100 and shall disqualify the applicant or applicants
from further exemption for a period of five years.
