Duval County property appraiser helps explain Florida Amendment 5: Limit on Homestead Exemption
JACKSONVILLE, Fla. โ Florida Amendment 5 involves extending your homestead exemption. To understand what is at stake here, you need to first understand what the Save Our Homes amendment is. Thatโs significant because the assessed value of your home is what determines how much you owe in property taxes each year. NEWS4JAX VOTERโS GUIDE | Florida Amendment 5: Limit on Homestead ExemptionSo what does that have to do with Amendment 5? If you do not think homeowners should be given more time to use that property tax savings, then you should vote โnoโ to Amendment 5.
Amendment 4 would require โdo-overโ votes
In 1992, voters approved Save Our Homes, which caps tax increases at 3 percent on homesteads and saves homeowners about $5 billion a year. Voters have also approved approved citizen initiatives that include term limits, stopping workplace smoking, limiting class sizes, drawing legislative districts fairly, conserving water and land, medical marijuana and giving nonviolent felons the right to vote again. But any future amendments could be be stifled by Amendment Four on Novemberโs ballot. The amendment would require voters to approve amendments twice, two years apart, before they become law. โSo having it go before the voters twice is saying, are your sure?
Amendment 4 would require โdo-overโ votes
In 1992, voters approved Save Our Homes, which caps tax increases at 3 percent on homesteads and saves homeowners about $5 billion a year. Voters have also approved approved citizen initiatives that include term limits, stopping workplace smoking, limiting class sizes, drawing legislative districts fairly, conserving water and land, medical marijuana and giving nonviolent felons the right to vote again. But any future amendments could be be stifled by Amendment Four on Novemberโs ballot. The amendment would require voters to approve amendments twice, two years apart, before they become law. โSo having it go before the voters twice is saying, are your sure?