Vote Yes on Amendment 1 on January 29th

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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.

2 thoughts on “Vote Yes on Amendment 1 on January 29th

  1. To add to the below question, what if I were to buy my soon to be x wife out on our house (quit claim) Could she still use portability?

    Q. My spouse and I are divorcing. Who gets to carry our Save Our Homes savings to a new home?

    The amendment doesn’t say. But if it passes, lawmakers are required to pass what’s called an enacting bill that spells out in detail how the tax changes would work. They have said they plan to treat the Save Our Homes benefit as they would any other asset divided in divorce proceedings.

    Like

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