SJR 4B - Property Tax Amendments - Florida Key Vote

Stage Details

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Title: Property Tax Amendments

Vote Smart's Synopsis:

Vote to pass a joint resolution that proposes a constitutional amendment to modify the homestead exemption.

Highlights:

- Provides for a homestead exemption of 75 percent of the first $200,000 of the property value and 15 percent of property value between $200,000 and $500,000 (Sec. 6). -Makes the minimum homestead exemption $100,000 for low income seniors (Sec. 6). - Requires the legislature to limit the authority of counties, municipalities, and special districts to increase ad valorem taxes (Sec. 9). - Exempts $25,000 of tangible personal property from ad valorem taxation (Sec. 3).

See How Your Politicians Voted

Title: Property Tax Amendments

Vote Smart's Synopsis:

Vote to pass a joint resolution that proposes a constitutional amendment to change the homestead exemption.

Highlights:

-Provides for a homestead exemption of 75 percent of the first $200,000 of property value and 15 percent of property value between $200,000 and $500,000, with a minimum exemption of $100,000 for low income seniors (Sec. 6). -Exempts $25,000 of tangible personal property from ad valorem taxation (Sec. 3). -Requires the legislature to limit the authority of counties, municipalities, and special districts to increase ad valorem taxes (Sec. 9).

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES THREE-FIFTHS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY SIXTY PERCENT OF CITIZENS VOTING IN THE NEXT ELECTION TO BECOME EFFECTIVE.

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