FL Amendment 2 – Limitations on Property Tax Assessments

Makes permanent what currently is a temporary cap of 10 percent on annual property value increases for vacation homes, apartments and commercial property, effectively limiting increases on tax bills.

Read the full text of the referendum »

A YES vote would...

  • Make permanent the 10 percent limit on increases in tax value for non-homestead property, thus reducing tax bills.
  • Continue to deny local governments (excluding school districts) tax revenue they would otherwise collect from rising property values.

A NO vote would...

  • End the practice of limiting tax increases on non-homestead property by limiting property-value increases to 10 percent.
  • Possibly lead to higher tax bills for non-homestead property, resulting in additional revenue to local governments of about $700 million, according to the state Revenue Estimating Conference.

Supporters

  • Florida Association of Realtors
  • Florida TaxWatch
  • Florida Chamber of Commerce

Opponents

  • League of Women Voters of Florida
  • Florida Education Association

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