Weather | Sports | Forums | Comics | Classifieds | Calendar | Movies
A Times Editorial
© St. Petersburg Times, published October 16, 2002
An amendment to the state Constitution to allow counties to exempt from taxation an increase in the assessed value of homestead property resulting from constructing living quarters for a parent or grandparent of the property owner or the property owner's spouse who is 62 years old or older. Limits the amount of such exemption to the increase in assessed value resulting from such construction or 20 percent of the total assessed value of the property as improved, whichever is less.