Your at the equator if you see Polaris at the horizon
Equator
The altitude of the celestial pole from the horizon actually tells you your latitude. So If I locate Polaris, the star that our earth's celestial pole points to and I see it's 40 degrees above the horizon to the north, I know that my latitude is 40 degrees north. Think about the extremes, if your on the equator looking for the celestial pole, you would see it on the northern horizon correct? (0 degrees) Now think of where the celestial pole would be pointing when on the north pole. You guessed it, straight up! (90 degrees)
If you are in Binghamton at the moment, 7:49 pm, 10/14 Polaris is at 41 degrees 57 minutes 21 seconds. I have 42 degrees 5 minutes as the north latiude of Binghamton. If you can move to 42 degrees 4 minutes, you will have an altitude for Polaris of almost exactly 42 degrees. Yes, Polaris does move a little; it is not perfectly in line with the earth's pole.
It is the horizon.
by the topsoil
Your at the equator if you see Polaris at the horizon
Where on Earth are you if Polaris is on your horizon?
On the horizon
You would never see Polaris there because it would always be 41 degrees or more below the northern horizon. On the other hand you can see many fine stars and constellations that are never seen in North Europe or the north of the USA and Canada.
As seen from Lima, Peru, Polaris is always about 12 degrees below the point on the horizon due north of the observer. So it is never visible.
Equator
Polaris will be 23.5 degrees above the northern horizon when viewed from the Tropic of Cancer.
It would be 41 degrees above the horizon, directly north of you.
If you are right at the Equator, you will not be able to see Polaris. If you could, it would be right on the horizon, but ground haze and obstructions would almost certainly hide it from view.
Seattle's latitude is about 47.6 degrees North. So the altitude of Polaris above the northern horizon is always within about 1/3 degree of that angle as seen from there.
The angle of Polaris above the horizon is the same as the latitude from which you are trying to measure it. Hollywood Florida has a latitude of ~26 degrees, so Polaris is 26 degrees above the northern horizon.
answer: It would rise above the horizon 10°. hope it helps!