FL Amendment 1 – Increased Homestead Property Tax Exemption

Grants an additional $25,000 homestead exemption for homes worth $125,000 or more.

Read the full text of the referendum »

A YES vote would...

  • Allow homeowners to deduct up to another $25,000 from the taxable value of a home worth more than $100,000, starting on Jan. 1, 2019.
  • Exclude local school taxes from the new exemption.
  • Cost Florida’s cities, counties and other taxing authorities an estimated $687.5 million annually, starting in 2019, according to the Florida Association of Counties.
  • Likely result in cuts to services or higher local rates to make up for the revenue losses, or possibly both.

A NO vote would...

  • Retain the current homestead tax exemptions, which total $50,000.
  • Have no effect on the amount of tax revenue collected by city and county governments.

Supporters

  • Unknown

Opponents

  • League of Women Voters of Florida
  • Florida Policy Institute
  • Florida League of Cities
  • Progress Florida
  • Florida Education Association
  • Florida Association of Counties

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