Florida Amendment 3 is approved, deciding major property tax changes for homeowners

1 week ago 4

Rommie Analytics

Despite a huge media campaign against the passing of this Amendment, it passed with 62% of the public approving. The Amendment will raise the Homestead Exemption from $50,000 now to $150,000 next year and $250,000 the following year and index to inflation after that. It will cap non-homestead property at 5% instead of the 10% now. Public education property taxes are unaffected by this amendment. It requires that police, fire and public safety services be funded first. Every other Statewide Race in Florida was extremely close; this Amendment was supported by voters across both political parties. What has happened here...
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