Forum Discussion
fla-gypsy
Oct 24, 2012Explorer
Amendment 4: Property Tax Limitations; Property Value Decline; Reduction for Non-homestead Assessment Increases; Delay of Scheduled Repeal
This Amendment does several things – with only one common denominator – property taxes. “One caps the rate of increase in the assessed value of non-homestead property” (business property, rental property). Another deals with the ‘recapture rule’ where the “taxable value of a home could increase even if the home’s actual market value has declined.” The third provision provides “new homebuyers with a large additional homestead exemption that is gradually phased out”
Those in favor of the amendment believe this solves various problems with the current property tax system.
Those against believe that the Florida Constitution is no place for these tax policies applicable to special interest groups. This is a NO vote for me, new home buyers should not get an additional exemption.
It has nothing to do with snowbirds regardless of how it is portrayed
This Amendment does several things – with only one common denominator – property taxes. “One caps the rate of increase in the assessed value of non-homestead property” (business property, rental property). Another deals with the ‘recapture rule’ where the “taxable value of a home could increase even if the home’s actual market value has declined.” The third provision provides “new homebuyers with a large additional homestead exemption that is gradually phased out”
Those in favor of the amendment believe this solves various problems with the current property tax system.
Those against believe that the Florida Constitution is no place for these tax policies applicable to special interest groups. This is a NO vote for me, new home buyers should not get an additional exemption.
It has nothing to do with snowbirds regardless of how it is portrayed
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