Take Action

Hello Jacaranda friends - thanks for stopping in.

Today I want to urge you to vote on the 29th. More important - vote yes on amendment one. We need a 60% yes to win. It is important. We all know that it is not the best possible solution, but it IS a step in the right direction and is far better than nothing. As always, your comments are welcome at the bottom ... and you can post anonymously!

The key components are:

Portability -Save our Homes-Homestead Exemption -10% Cap on non-Homestead Tax Increases-and Personal Property Tangible Tax

Here is an primer from the Sun Sentinel that will help explain.

That proposal, known as Amendment 1, includes several features. It would increase the existing homestead exemption for permanent Florida residents on their primary residences. Currently, the exemption is $25,000. The proposal would increase the exemption to $50,000 for all local taxes except those for schools.

The amendment also would let Floridians keep their existing Save Our Homes tax cap, which limits increases in property value assessments on homesteaded properties to no more than 3 percent a year. The plan would allow voters to transfer up to $500,000 of those savings if they move to a higher-value home elsewhere in Florida. If the new home has a lesser value, the amount of SOH tax savings that could be transferred would be determined on a percentage basis.

For non-homesteaded properties, such as rental units and houses and apartments owned by seasonal residents, the amendment would provide a 10-percent cap on annual assessment increases. Businesses would also get a $25,000 reduction on taxes paid on tangible personal property, such as office furniture.

I hope this helps!