On the January 29th ballot, we will have the opportunity to vote on Amendment 1, that “offers property tax relief for all Floridians.” The main points are:
- Double homestead exemption for almost everyone, from $25k to $50k
- Allow portability so that homeowners can transfer their Save Our Homes tax benefits from their old home to a new home.
- It will provide an assessment 10% cap on ALL properties (including rental homes, second homes, business properties, etc.)
- Includes an exemption on the first $25k from taxes for tangible personal property for business owners.
You can get all the details at www.voteyeson1.com
You can view Representative Jimmy Patronis’ flyer on this here.