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case of ownership through stock or membership in a corporation, the value of the proportion which the
interest in the corporation bears to the assessed value of the property.
(c) By general law and subject to conditions specified therein, the Legislature may provide to renters,
who are permanent residents, ad valorem tax relief on all ad valorem tax levies. Such ad valorem tax
relief shall be in the form and amount established by general law.
(d) The legislature may, by general law, allow counties or municipalities, for the purpose of their
respective tax levies and subject to the provisions of general law, to grant either or both of the following
additional homestead tax exemption:
(1) An exemption not exceeding fifty thousand dollars to a person who has the legal or equitable title
to real estate and maintains thereon the permanent residence of the owner, who has attained age sixty-
five, and whose household income, as defined by general law, does not exceed twenty thousand dollars;
or
(2) An exemption equal to the assessed value of the property to a person who has the legal or
equitable title to real estate with a just value less than two hundred and fifty thousand dollars, as
determined in the first tax year that the owner applies and is eligible for the exemption, and who has
maintained thereon the permanent residence of the owner for not less than twenty-five years, who has
attained age sixty-five, and whose household income does not exceed the income limitation prescribed
in paragraph (1).
The general law must allow counties and municipalities to grant these additional exemptions, within the
limits prescribed in this subsection, by ordinance adopted in the manner prescribed by general law, and
must provide for the periodic adjustment of the income limitation prescribed in this subsection for
changes in the cost of living.
(e) (1) Each veteran who is age 65 or older who is partially or totally permanently disabled shall
receive a discount from the amount of the ad valorem otherwise owed on homestead property the
veteran owns and resides in if the disability was combat related and the veteran was honorable
discharged upon separation from military service. The discount shall be in a percentage equal to the
percentage of the veteran’s permanent, service-connected disability as determined by the United State
Department of Veteran Affairs. To qualify for the discount granted by the paragraph subsection, an
applicant must submit to the county property appraiser, by March 1, an official letter from the United
States Department of Veteran Affairs stating the percentage of the veteran’s service-connected
disability as combat related and a copy of the veteran’s honorable discharge. If the property appraiser
denies the request for the discount, the appraiser must notify the applicant in writing of the reasons for
the denial, and the veteran may reapply. The Legislature may, by general law, waive the annual
application requirement in subsequent years.
(2) If a veteran who receives the discount described in paragraph (1) predeceases his or her spouse,
and if, upon the death of the veteran, the surviving spouse holds the legal or beneficial title to the
homestead property and permanently resides thereon, the discount carries over to the surviving spouse
until he or she remarries or sells or otherwise disposes of the homestead property. If the surviving
spouse sells or otherwise disposes of the property, a discount not to exceed the dollar amount granted
from the most recent ad valorem tax roll may be transferred to the surviving spouse's new homestead
property, if used as his or her permanent residence and he or she has not remarried.
(3) This subsection is self-executing and does not require implementing legislation.
(f) By general law and subject to conditions and limitations specified therein, the Legislature may
provide ad valorem tax relief equal to the total amount or a portion of the ad valorem tax otherwise
owed on homestead property to:
(1) The surviving spouse of a veteran who died from service-connected causes while on active duty as
a member of the United States Armed Forces.
(2) The surviving spouse of a first responder who died in the line of duty.