But Amendment 5 would adjust property taxes and the portion of a home’s value that qualifies for the homestead exemption to ensure it adjusts to inflation.
But opponents of Amendment 5 point out that passage could result in decreased property tax revenue that could affect government services, which benefit all taxpayers—not just homeowners.
Folks love to complain about taxes and then wonder why they’re not getting adequate services from their municipalities.
Florida Policy Institute—an independent, non-partisan, nonprofit with a mission to advance policies and budgets that improve the economic mobility and quality of life for all Floridians—said Amendment 5’s passage would deepen inequality in across the state.
Vote “no” on Florida’s Amendment 5 on homestead exemptions.
No. 5 Constitutional Amendment Article VII, Section 6 and Article XIISee all of CL’s ballot recommendations on our 2024 general election landing page.
Annual Adjustments to the Value of Certain Homestead Exemptions
Proposing an amendment to the State Constitution to require an annual adjustment for inflation to the value of current or future homestead exemptions that apply solely to levies other than school district levies and for which every person who has legal or equitable title to real estate and maintains thereon the permanent residence of the owner, or another person legally or naturally dependent upon the owner is eligible. This amendment takes effect January 1, 2025.
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This article appears in Oct 17-23, 2024.