{"id":238,"date":"2024-08-13T13:41:43","date_gmt":"2024-08-13T13:41:43","guid":{"rendered":"https:\/\/floridaamendmentguide.com\/?page_id=238"},"modified":"2024-09-04T12:05:54","modified_gmt":"2024-09-04T12:05:54","slug":"florida-amendment-5","status":"publish","type":"page","link":"https:\/\/floridaamendmentguide.com\/ht\/florida-amendment-5\/","title":{"rendered":"Florida Amendment 5"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"238\" class=\"elementor elementor-238\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-39a1ff8 e-flex e-con-boxed e-con e-parent\" data-id=\"39a1ff8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-70c04df elementor-widget elementor-widget-heading\" data-id=\"70c04df\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Annual Adjustments to the Value \nof Certain Homestead Exemptions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-becb2b5 e-con-full e-flex e-con e-child\" data-id=\"becb2b5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-14bc94e elementor-widget elementor-widget-text-editor\" data-id=\"14bc94e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><strong><em>Enf\u00f2masyon ki nan paj sa a se pa moun ki pa patizan <a href=\"https:\/\/www.vote411.org\/florida\" target=\"_blank\" rel=\"noopener\">Lig Fanm Vot\u00e8 Florid yo.<\/a><\/em><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba4eb7e elementor-widget elementor-widget-text-editor\" data-id=\"ba4eb7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>Lang bilten v\u00f2t<\/b><span style=\"font-weight: 400;\"><br \/><\/span><\/p><p><span style=\"font-weight: 400;\">Proposing an amendment to the State Constitution to require an annual adjustment for inflation to the value of current or future homestead exemptions that apply solely to levies other than school district levies and for which every person who has legal or equitable title to real estate and maintains thereon the permanent residence of the owner, or another person legally or naturally dependent upon the owner is eligible. This amendment takes effect January 1, 2025.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa207e6 elementor-widget elementor-widget-heading\" data-id=\"fa207e6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Rezime<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab5f45d elementor-widget elementor-widget-text-editor\" data-id=\"ab5f45d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Property taxes (millage rates) are set by counties, school districts, cities, and special districts. Homes in Florida are assessed at just value or market value minus the homestead exemption. The homestead exemption reduces the taxable value of a property. A primary residence is eligible for a $25,000 homestead exemption from all property taxes. For homestead\u2019s value between $50,000 and $75,000, another $25,000 homestead exemption is applied, which exempts that amount from all property taxes, except school district taxes.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">This amendment would apply an annual inflation adjustment for the property tax exemption applied to the value of the homestead between $50,000 and $75,000.\u00a0 The adjustment would be made every year on January 1 (beginning 2025) based on the percent change in the Consumer Price Index (CPI) reported by the U.S. Department of Labor. The adjustment would occur only if the CPI increases. There is no adjustment if the CPI decreases.<\/span><\/p><p><span style=\"font-weight: 400;\">This amendment would decrease the amount of tax dollars available for counties, cities and special districts budgets for programs and services. Although there would be no impact to school district taxes, the estimated impact on non-school local government property taxes in Fiscal Year 2025-26 (the first year of implementation) would be an approximate reduction of $22.8 million in tax revenue, growing to an approximate reduction of $111.8 million in 2028-29, assuming current tax rates.<\/span><\/p><p><span style=\"font-weight: 400;\">This amendment was referred to the ballot by the 2024 Florida Legislature. (Senate: 25 Yes to 15 No; House: 86 Yes to 29 No)\u00a0<\/span><\/p><p><b>Sip\u00f2t\u00e8 yo<\/b><span style=\"font-weight: 400;\">, including the majority of the Florida Legislature, say the amendment could lead to more savings for property owners who apply for homestead property tax exemptions.<\/span><\/p><p><b>Opozan<\/b><span style=\"font-weight: 400;\">, including the League of Cities, say the amendment would reduce revenue available to cities and counties by millions of dollars.<\/span><\/p><p><b>Yon v\u00f2t Wi ta...:\u00a0 <\/b><span style=\"font-weight: 400;\">Increase the homestead exemption amount each January 1, beginning 2025, if the Consumer Price Index increases, thereby reducing the amount of property taxes on primary residences and reducing the amount of tax dollars available for county, city and special district programs and services.<\/span><\/p><p><b>Yon non v\u00f2t ta...:\u00a0 <\/b><span style=\"font-weight: 400;\">Leave the current homestead exemption amount as is.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c13cebd e-flex e-con-boxed e-con e-parent\" data-id=\"c13cebd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-800121a e-con-full e-flex e-con e-child\" data-id=\"800121a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-73f43e6 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"73f43e6\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/floridaamendmentguide.com\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li 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33.9l17 17c9.4 9.4 24.6 9.4 33.9 0L369.9 273c9.4-9.4 9.4-24.6 0-34z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Amannman 6<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-80d279e e-flex e-con-boxed e-con e-parent\" data-id=\"80d279e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55d520a elementor-widget elementor-widget-text-editor\" data-id=\"55d520a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Enf\u00f2masyon ki nan paj sa a se pa moun ki pa patizan <a href=\"https:\/\/www.vote411.org\/florida\" target=\"_blank\" rel=\"noopener\">Lig Fanm Vot\u00e8 Florid 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Ballot Language Proposing an amendment to the State Constitution to require an annual adjustment for inflation to the value of current or future homestead exemptions that apply solely to levies [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-238","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Florida Amendment 5 - Informed Voters\u2019 Guide to the Amendments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/floridaamendmentguide.com\/ht\/florida-amendment-5\/\" \/>\n<meta property=\"og:locale\" content=\"ht_HT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Florida Amendment 5 - Informed Voters\u2019 Guide to the Amendments\" \/>\n<meta property=\"og:description\" content=\"Annual Adjustments to the Value of Certain Homestead Exemptions The information on this page was provided by the nonpartisan League of Women Voters of Florida. 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