Measure on the ballot in the 2024 Florida General Election in Florida.
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Get StartedAmendment to the Constitution to require an annual inflation adjustment to the value of certain homestead exemptions.
A "yes" vote supports an annual inflation adjustment to the amount of assessed value that is exempt from property taxation.
A "no" vote opposes an annual inflation adjustment to the amount of assessed value that is exempt from property taxation.
"I don't necessarily think this is, you know, the state's or the local government's money to begin with. This is the people's money. And we're simply over time indexing their existing homestead exemption." - Rep. James Buchanan (R), in support of Amendment 5 (Learn more)
"What this does today is it shifts the burden. It shifts the burden from homesteaders to other participants in the property tax system — to businesses, to renters, to second-home owners." - Bob McKee, Florida Association of Counties, in opposition to Amendment 5 (Learn more)
"This HJR is going to encourage home ownership, drive down the cost of home ownership, and ensure over time, as the cost of living goes up, that is reflected in their homestead exemption taxes." - Rep. James Buchanan (R), in support of Amendment 5 (Learn more)
"They [Local Governments] have one pot of money to pay their bills, and what your bill is doing is diminishing their ability to collect dollars." - Rep. Robin Bartleman (D), in opposition to Amendment 5 (Learn more)
ANNUAL ADJUSTMENTS TO THE VALUE OF CERTAIN HOMESTEAD EXEMPTIONS.—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.
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