.

Florida Amendment 4: What a Yes Vote Means

Take a closer look at the proposed amendment to the Florida Constitution before you head to the polls Nov. 6.

Whether you head to the polls Nov. 6 to cast your vote or you’re planning on voting early, you can count on having to decipher a very long ballot. In addition to national, state and local candidates, this year’s ballot also includes a number of proposed amendments to the Florida Constitution.

To help speed up the process at the polls, Lutz Patch has created a guide on each of the amendments. Let’s take a look at Amendment 4 and what a yes vote on it means at the polls.

Amendment 4: Property Tax Limitation; Property Value Decline; Reduction for Non-Homestead Assessment Increases; Delay of Scheduled Repeal

This amendment would limit the allowable growth in the assessments on certain non-homestead properties from 10 percent to 5 percent. It would also prohibit increases in assessed value on homestead properties and some non-homestead properties when market values decrease. It also intends to give first-time homesteaders an extra exemption. The amendment also provides homestead tax exemption benefits to out-of-state residents.

Opponents, including the League of Women Voters of Florida, say the amendment would cost the state $1 billion over its first three years of implementation.

Supporters say the measure would make Florida’s property taxes more fair and that the amendment might stimulate the real estate market.

What a Yes Vote Means

A vote of yes on this amendment is a show of support for its passage.

For complete wording of the amendment, visit the Florida Division of Elections online.

See Also:

Florida’s Constitutional Amendments: What Yes Votes Mean

Alex Alvarez November 02, 2012 at 10:57 AM
Thank you for the clarification about these. It is clear and conzise, making the process simpler for me. I am sure that it will also help the thousands of people who want to vote and take making the right decisions seriously. TO DOSE READING THIS COMMENT, GO AND VOTE!!! IT IS ONE OF THE MOST IMPORTANT TO DO THINGS IN EVEWRYONE'S LIST OF THINGS TO DO BETWEEN NOW AND NEXT TUESDAY!!!! GOD BE WITH YOU AND WITH US ALL!
Sherri Lonon November 02, 2012 at 12:10 PM
I'm glad this helped!
RD November 04, 2012 at 10:57 PM
This will take money away from local governments. In the past, the way they've recouped the lost revenue is by raising property taxes. This will impact every person in their community.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »