Florida Amendment 4: Florida Property Tax

Amendment 4: Property Tax Limitation; Property Value Decline; Reduction for Non-Homestead Assessment Increases; Delay of Scheduled Repeal
This amendment would limit the allowable growth in the assessments on certain non-homestead properties from 10 percent to 5 percent. It would also prohibit increases in assessed value on homestead properties and some non-homestead properties when market values decrease. It also intends to give first-time homesteaders an extra exemption. The amendment also provides homestead tax exemption benefits to out-of-state residents.
Opponents, including the League of Women Voters of Florida, say the amendment would cost the state $1 billion over its first three years of implementation.
Supporters say the measure would make Florida’s property taxes more fair and that the amendment might stimulate the real

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