Property
Taxation
Amendment
Florida
voters are
heading to
the polls to
decide the
fate of
Proposed
constitutional
Amendment
One, which
is designed
to give
citizens
property tax
relief. Provisions
include
additional
homestead
exemption
benefits up
to 25
thousand
dollars and
portability
of the 3
percent Save
Our Homes
cap. The
League of
Women Voters
has
conducted a
comprehensive
study of the
amendment.
Carolann
Holmes,
president of
the
Pensacola
Bay chapter,
discussed
some of the
pros and
cons with
Sandra
Averhart.
On
January
29th, voters
in Florida
will cast
ballots in
the state’s
Presidential
Preference
Primary and
decide if
they want to
make changes
to the State
Constitution
as it
relates to
property
taxation. Amendment
one, put
forth by the
Florida
Legislature
and
supported by
Governor
Charlie
Crist, would
increase the
homestead
tax
exemption,
except for
school
district
taxes and
allows
homestead
property
owners to
take up to
$500,000 of
their
Save-Our-Homes
benefits to
their next
homestead.
Additionally,
with respect
to
non-homestead
property, it
provides a
$25,000
exemption on
tangible
personal
property and
limits
assessment
increases
for
specified
non-homestead
property
except for
school
taxes. Santa
Rosa County
Property
Appraiser
Greg Brown
has been
speaking to
community
and civic
groups, as
well as the
media, to
explain the
proposed
constitution
amendment
and the
impact it
would have
on
individual
property
owners and
local
government.
Follow
these links
to the
individual
county
property
appraiser
websites for
more
information
about the
property
taxation
amendment
and to
calculate
what
individual
property
taxes would
be under the
plan.
