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Measure Details

Property Tax Exemptions; Limitations on Property Tax Assessments

Florida Ballot Measure - Amendment 1

Election: Primary Jan. 29, 2008 (Primary)
Outcome: Passed

Categories:
Housing and Property
Constitution
Taxes

Yes
2,667,166
(64.04%)

No
1,497,827
(35.96%)

Summary

This revision proposes changes to the State Constitution relating to property taxation. With respect to homestead property, this revision: (1) increases the homestead exemption except for school district taxes and (2) allows homestead property owners to transfer up to $500,000 of their Save-Our-Homes benefits to their next homestead. With respect to nonhomestead property, this revision (3) provides a $25,000 exemption for tangible personal property and (4) limits assessment increases for specified nonhomestead real property except for school district taxes.

Measure Text

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