Florida Realtors launched its “Vote Yes on 3” campaign
In support of Amendment 3, a proposed constitutional amendment that would expand homestead property tax exemptions and lower the annual assessment cap on nonhomestead properties.The association’s board voted Aug. 23 to endorse the measure, which is scheduled to appear on the Nov. 3 ballot and would require at least 60% voter approval to pass.
Amendment 3 would increase the homestead exemption for nonschool property taxes to $150,000 in 2027 and $250,000 in 2028, with inflation adjustments beginning in 2029.
The proposal would also reduce the annual assessment-growth cap for nonhomestead properties, including rentals, second homes and commercial real estate, from 10% to 5%. [The Capitolist News]
Well I don't like Realtors most of them are very shrewd corrupt and greedy. I do agree with this amendment they need to lower the property taxes they're too high and they just keep taking in so much money and taxes and putting so many hundreds of thousands and new houses on the tax rolls every year but they never do anything to lower them for all the people they're just too high and out of control so yes lower the property taxes in florida! Otherwise it's going to lead to a huge Exodus of people leaving Florida if they don't lower the property taxes! We are already looking to leave Florida if the property taxes are not lowered for us!
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