NORTH REDINGTON BEACH – In the spirit of Christmas, an ordinance designed to provide property tax relief to low-income seniors in North Redington Beach passed unanimously on its first reading at the Dec. 13 town hall meeting.
Seniors 65 and older who own their home in North Redington Beach valued at less than $250,000 and whose annual household income is approximately $23,000 or less will be eligible for an additional $50,000 homestead exemption from the town. Ownership is defined as having the legal or equitable title to their real estate and maintaining it as their permanent residence.
The prior ordinance that this one will be replacing, instituted the annual income limitation as $20,000 when it began on Jan. 1, 2001. As then, the income limitation will continue to be adjusted annually each Jan. 1 by the percentage change in the average cost-of-living index based upon the Consumer Price Index figures for the prior 12-month period relative to the United States as a whole, issued by the United States Department of Labor. Currently, that figure is approximately $23,000.
North Redington Beach seniors eligible for the homestead exemption may apply for and receive this new additional exemption if they qualify. NRB seniors claiming the exemption are required to submit a sworn statement on a Florida Department of Revenue form of household income to the Pinellas County Property Appraiser no later than March 1.
If title to the residence is held jointly with right of survivorship, the person residing (and otherwise qualifying) may receive the entire amount of the additional homestead exemption. This new exemption applies only to property taxes levied by the Town of North Redington Beach.
The potential financial impact on the town regarding this additional exemption is minimal but the impact on the few individuals it will help is significant.
“(A total of) eight people in the town qualify (for this),” said Mayor Bill Queen. “The town’s loss is $132 in revenue.”
As part of the consent agenda, the Town Commission passed a resolution to close the existing checking account the town has at Fifth/Third Bank and establish a new account with Chase Bank.
“It will save the town $1,500 per year to change accounts,” said Queen.
During miscellaneous business, Commissioner Richard Bennett said the annual Food For Thought fundraiser to benefit the Gulf Beaches Public Library would be Saturday, March 2, 6 to 9 p.m., at the Madeira Beach Recreation Center.
Food samples from 30 beach restaurants will be served from 6 to 8 p.m. In addition to local restaurant specialties, beer, wine and live music will be available.
Ticket prices are $20 in advance or $30 at the door and include one free drink. Subsequent drinks are $3 each.