Realtors pledge $1M to support tax vote
The Florida Association of Realtors announced today that it will spend up to $1-million in support of the proposed constitutional amendment for "super" homestead exemptions.
It is the first significant sign of support of the amendment, up for vote Jan. 29. If approved - a big if at this point - the amendment would give homeowners the choice of staying with the Save Our Homes 3 percent assessment cap or taking up to $195,000 off their homestead value for tax purposes.
“Passage of this amendment is critical to the future of Florida,” FAR President Nancy Riley said. “It will provide first-time homebuyers a large tax exemption. It will begin to equalize property taxes among neighbors. And it will allow the people who are the foundation of our neighborhoods — teachers, nurses, police officers and emergency first responders — to afford to live in the communities they serve. It’s time to reform Save Our Homes. We invite other groups to make an investment in Florida’s future by supporting this amendment.”
But other business groups have not embraced the amendment because it mostly benefits homesteaders — an already protected class.