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The Florida League of Cities says the Yes on 1 TV ads that urges people to vote for a property tax cut on January 29th are misleading.  The League of Cities says all homeowners won’t benefit, but first-time homebuyers will have a bigger tax burden.  The group also doubts the claims that the homestead exemption will double.

“It claims that it’s a double homestead, said the League’s John Thomas.  “And it’s not because the additional homestead only applies to other portions, not the school portion, of the tax bill.  So it’s not a full $25,000 homestead exemption.

The League of Cities also predicted local millage rate increases.

“With the millage rates and the rollback requirement that’s in the provision, it will have the potential impact of raising property taxes,” Thomas said.  “That’s just the way that it is unfortunately.  I don’t think the citizens know.  That’s why we’re opposed and we want folks to understand that.”

Amendment One opponents have raised $320,000 for their campaign so far.