Sec. 780.502. - Reduction in homestead assessment for living quarters of parents and grandparents.

Commencing January 1, 2004 and annually thereafter, pursuant to Article VII, Section 4(e), Florida Constitution, and F.S. § 193.703, a reduction in the assessed value of homestead property is hereby authorized provided that the reduced assessment value results from the construction or reconstruction of the property for the purpose of providing living quarters for one or more natural or adoptive parents or grandparents of the owner of the property or of the owner's spouse if at least one of the parents or grandparents for whom the living quarters are provided is at least 62 years of age. (Ord. 2003-599-E, § 2)