The Great Depression caused reforms in ad valorem property taxes in Florida. During the early 1930s some Florida home owners were unable to pay their taxes; many lost their homes. In 1934 new legislation created a $5,000 Homestead Exemption Amendment. At that time a Florida Medium Priced Home (FMPH) was $4,500. In the 1960s the exemption increased $10,000, a FMPH cost $15,000. By a - Landside - Constitutional amendment in 1980, the exemption was $25,000 while a FMPH cost $45,000. In 2008, voters approved an increase the Homestead exemption to $50,000 for non-school assessments, at that time a FMPH was $187,800. The new 2027 proposal is $150,000 for one year then to $250,000 Today a FMPH is $395,000 and $440,000.
Let's recap:
Homestead Exemption was
1934: 110% of the FMPH
1960s 67% of the FMPH
1980 55% of the FMPH
2008 27% of the FMPH
2026 12% of the FMPH
If Amendment #3 fails Homestead Exemption will be 11% in
2027 and 9% in 2028.
When Amendment #3 passes this November, in 2027 the Homestead Exemption will be 36% and in 2028 we'll be at 61%.
Thank you Sam and Judson. Rhonda, Michelle, Tracy, and Chris have missed the mark.
I say Homestead Exemption needs a -Major Reset- local government need to prioritize spending.
It will pass, even though no one understands what the consequences will be. A reduction in property taxes is just too seductive.
The Great Depression caused reforms in ad valorem property taxes in Florida. During the early 1930s some Florida home owners were unable to pay their taxes; many lost their homes. In 1934 new legislation created a $5,000 Homestead Exemption Amendment. At that time a Florida Medium Priced Home (FMPH) was $4,500. In the 1960s the exemption increased $10,000, a FMPH cost $15,000. By a - Landside - Constitutional amendment in 1980, the exemption was $25,000 while a FMPH cost $45,000. In 2008, voters approved an increase the Homestead exemption to $50,000 for non-school assessments, at that time a FMPH was $187,800. The new 2027 proposal is $150,000 for one year then to $250,000 Today a FMPH is $395,000 and $440,000.
Let's recap:
Homestead Exemption was
1934: 110% of the FMPH
1960s 67% of the FMPH
1980 55% of the FMPH
2008 27% of the FMPH
2026 12% of the FMPH
If Amendment #3 fails Homestead Exemption will be 11% in
2027 and 9% in 2028.
When Amendment #3 passes this November, in 2027 the Homestead Exemption will be 36% and in 2028 we'll be at 61%.
Thank you Sam and Judson. Rhonda, Michelle, Tracy, and Chris have missed the mark.
I say Homestead Exemption needs a -Major Reset- local government need to prioritize spending.
You need to post this everywhere you can. Thank you!
Follow the money. They want to keep all of theirs while telling all of us to 🖕🏻off.
If an issue needs fixing, our lawmakers need to figure it out legislatively. Full stop.
- R. Jett
Umm Rhonda, we don’t have until 2036 to make this happen.