Florida Amendment 1
, the Homestead Exemption Increase Amendment
Amendment 1 would provide for a homestead exemption on the portion of home values between $100,000 and $125,000, meaning the $25,000 between $100,000 and $125,000 of a home's value would be exempted from property taxes other than school district taxes. As of 2018, Section 6(a) of Article VII
of the Florida Constitution
provides for a homestead exemption on the portion of home values between (a) $0 and $25,000 and (b) $50,000 and $75,000.
If voters approve Amendment 1, the homestead exemption for a home valued at $200,000 would be $75,000. If voters reject Amendment 1, the homestead exemption for a home valued at $200,000 would remain at $50,000.
Florida Amendment 2
, the Permanent Cap on Nonhomestead Parcel Assessment Increases Amendment
Amendment 2 would make permanent the cap of 10 percent on annual nonhomestead parcel assessment increases set to expire on January 1, 2019. The cap does not apply to school district taxes. Voters approved the cap in 2008, when 64 percent voted to pass Amendment 1.
Properties considered nonhomestead parcels include nonhomestead residential properties, such as second homes and rental apartments, and nonresidential property, such as commercial property and vacant land.
For more information regarding the Amendments above, contact the Customer Service/Exemptions Division at (904) 630-2020.