Additional (2nd) exemption for values 50K–75K and above 75K is what?

• A. It applies to all three taxes
• B. It applies to city and county taxes for 50K–75K; above 75K it’s capped at 25K
• C. It applies only to school taxes
• D. It provides a deduction up to $50K for an owner's primary residence

Answer: (C)

The key idea here is how the senior/2nd homestead exemption interacts with different tax levies in Florida. The “additional” or second exemption that kicks in as the home value rises is designed to apply to the school tax levy. In other words, for higher-valued homesteads, this extra relief reduces the portion of value that the School Board uses to calculate school taxes, while it does not reduce city or county taxes. That’s why this item is described as applying only to school taxes. The other taxes (city and county) don’t receive this particular relief, and it isn’t a flat $50,000 deduction for the whole residence value.