About the Referendum
- Voting will take place on Tuesday, January 29th
- If passed, the average homeowner will save an average of $20 a month
- If you rent, you do not save anything.
- The amendment will provide another $25,000 exemption on homes valued over $50,000 but only on local government taxes and NOT school taxes
- Non homestead properties (rentals, lots) will be subject to a 10% cap on property assessment. The cap is currently 3%.
- Homeowners will be able to transfer up to $500,000 of their Save our Homes benefits to a new homesteaded property (Also known as "Portability")
- If you live in a nice neighborhood and pay a lot in taxes, someone can move in and pay less taxes than you and your neighbors.
- This reduction in taxes for a few floridians would reduce school funding for all students.
- Experts predict that the cost of this referendum to local governments will close fire stations across the state and minimize the capability of a statewide disaster response.
