Broward County, FL - With an ordinance sponsored by Commissioner Dale V.C. Holness, commissioners unanimously voted to increase the additional homestead exemption from $25,000 to $50,000 at today's commission meeting. The ordinance applies for persons 65 and older who meet income restrictions. For example, if a home is valued at $100,000 and a homeowner qualifies for the $25,000 exemption, they pay taxes on the home as if it was $75,000. With the additional $25,000, a homeowner would pay taxes on the home as if it were valued at $50,000.