Thanks to Hohn Kalish for sharing.
I’m sure you’ve seen the “sky is falling” posts from our local cities and counties targeting Proposition 3. Don’t fall for the lies! Here’s the plain language and breakdown of the proposed law…
SAVE OUR HOMES FROM EXCESSIVE PROPERTY TAXES. — This amendment benefits Florida taxpayers by:
Exempting homestead properties from taxation. Exempts the first $150,000 in 2027 and $250,000 in 2028 of a homestead’s value from taxation for all levies other than school district levies and requires, through general law, a schedule for full elimination.
Ensuring funding for core services. Requires local governments to use remaining property taxes solely for core public needs including public safety, education and schools, infrastructure, and natural resources.
Protecting small businesses. Limits future property tax assessments on businesses.
Ensuring fairness for Florida residents. Requires any person who establishes Florida residency after January 1, 2027, to maintain Florida residency for five years prior to receiving the increased homestead exemption.
VOTE YES ON PROPOSITION 3!