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Realtors Push for Property Tax Amendment

November 2nd, 2007 by flanews

Florida’s realtors are starting their push to get voters to pass a property tax cut amendment in January.  The Florida Association of Realtors plans to spend one-million dollars to educate voters.  The amendment would double the homestead exemption and allow homeowners to transfer their Save Our Homes benefit to a new homestead.  It also would put a 10 percent cap on property tax increases on second homes and businesses.  John Sebree with the Florida Association of Realtors believes the current proposal is simpler than the so-called super-sized homestead exemption that a judge struck down.

“That was a little bit confusing for people to understand.” Sebree said.  “This time around, they’ll know that they’re getting portability.  They’ll know that it’s doubling of the homestead exemption.  It’s fairly easy to calculate.  And it won’t take, probably, the education that the previous amendment took.”

60 percent of voters have to approve the amendment to change Florida’s property tax law.

Posted in Amendments, Property Taxes, State News, Voting | No Comments »

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