Deltona explores tax exemption options for veterans and charities during workshop

During the City Commission Budget Workshop on May 3, 2025, a significant focus was placed on the financial implications of property tax exemptions in Deltona, Florida. City officials highlighted the substantial tax savings generated by various exemptions, including those for veterans, disabled individuals, and charitable organizations.

The discussion revealed that the Homestead exemption alone accounts for an impressive $4.8 million in tax savings, based on an assessed value of $692 million. Additionally, veterans and disabled exemptions contribute $1.65 million in savings from an assessed value of $232 million, while 130 charitable organizations benefit from $8 million in tax savings linked to a total assessed value of $212 million. In contrast, over 13,000 parcels without exemptions are valued at $5.7 billion, underscoring the predominantly residential nature of Deltona's tax base.

City officials acknowledged the challenges posed by the lack of commercial properties, which typically help subsidize residential taxes. They emphasized the need for a comprehensive analysis by a consulting firm to evaluate the current mix of exemptions and their impact on the city's fee structure.

Options discussed included the potential for a small program to assist residents who may struggle to pay their taxes, possibly based on income levels. The commission also considered varying rates for different categories, such as residential and charitable properties, as well as the financial implications of future infrastructure projects, including the construction of new fire stations.

As the city moves forward, officials are committed to exploring multiple options to ensure a balanced approach to taxation and funding for essential services. The outcomes of these discussions will shape the financial landscape of Deltona in the coming years.