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Florida Amendment 1 2018
What does amendment 1 in Florida's 2018 election really mean?
Increased Homestead property Tax exemption. Proposing an amendment to increase homestead exemption by exempting the assessed evaluation of homestead property greater than $100,000 and up to $125,000 for all levies other than school district levies. This is basically the way it will read on the Ballot. So, we all would like to see taxes reduced by exemption. This would suggest that everyone will say yes on the ballot. But, towns and cities have a budget of dollars that translate to millage rates against taxable property. If taxable property value goes down, the millage rate goes up. So it would seem that your taxes would remain the same. Except, who gets the exemption? Only Florida residents? Only people with property assessed between $100,000 and $125,000?. What is the exemption Dollar Value? Perhaps I am not in touch with reality, but my concern is that the amendment as described on the ballot is too vague to vote yes. Not against or for but looking for clarification. My inclination is to vote nay because of lack of clarification. |
Amendment 1 will essentially allow a total of $75,000 in deductions for homes valued at $125,000 or more. Amendment 2 takes away the 10% per year assessment cap on non homestead homes. As a resident what do I have to lose if voting yes on Amendment 1 and no on amendment 2 ? Is not the worst that can happen is the towns raise the millage rate to make up for the loss - which still puts me even. By voting no for amendment 2 perhaps that will be some of the offset required for amendment 1 if housing assessments keep rising rapidly. Yes I feel bad for non residents however they knew the rules going in (akin to covenants when you purchased you house). Just like no state income tax that we enjoy, it relies on tourism to fund the budget. Owning a house without residency is a form of tourism. Is it not?
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I am reposting a link from another thread that does a good job describing the various amendments without bias
2018 Florida Constitutional Amendments | Be Ready to Vote |
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Does anyone remember an old phrase "double Dutch" - whoever wrote these amendments was proficient in that. |
I have spend some time studying the amendments and I think that it is all very confusing. Even the explanations are not clear. And then the bundled amendments, through several of those may not be counted. I would like to see most taken off the ballot, be rewritten, and then vote.
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Many of these amendments are already in state law and don't need to be in the constitution.
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I would love to have a one-on-one conversation with the genius who decided that the issues of vaping and off-shore drilling could be bundled into one inclusive item.
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Another informative site.
Florida 2018 ballot measures - Ballotpedia |
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As Amendment 9 is a package of two constitutional amendments, voters cannot approve one and reject the other. Voting “yes” on the ballot measure is a vote to pass the two constitutional amendments. Voting “no” on the ballot measure is a vote to reject the two constitutional amendments. |
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Rider (legislation - Wikipedia) |
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"In a time of deceit telling the truth is a revolutionary act." And.... "We know that no one ever seizes power with the intention of relinquishing it." |
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As the original poster for this topic, I appreciate the comments.
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My summary of what I have read from posts is that amendment 1 incrementally increases the homestead exemption up to $75,000 from $50,000. The increase starts at a home valued at $100,000 and stops at $125,000.
Amendment 2 affects non homestead properties only. Currently, they are protected from annual increases exceeding 10% . A yes vote would keep protection at 10% while a no vote eliminates protection. So assuming that our local government expenses are necessary, the additional exemption on homestead properties will reduce needed revenue at current tax millage rates and will require tax increases on some properties. Amendment 2 clears the path to unlimited tax increases on non homestead properties. (isn't the 10% limit bad enough). Another way to get the added revenues to increase the millage rate on homestead eligible properties. That would cause taxes to increase on all homes assessed at less than $100,000. I am a conservative but it seems to me that would be wrong to increase the tax on those least able to afford it so I can get a decrease. This is caused by the stepping stone practice on the Homestead exemptions. Why wasn't the new exemption initiated at a lower evaluation? ie $75,000 to $100,000. I understand that would be even more revenue lost but it illustrates the possible lack of equity on this amendment. Easy to say yes for a benefit that favors me. Easy to say yes to pass the higher taxes to someone else. Just another perspective. |
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I am going with straight "NO" votes. There is too much hanky panky mumbo jumbo special interest smoke and mirror giberishness involved.
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[QUOTE=mtdjed;1593052]My summary of what I have read from posts is that amendment 1 incrementally increases the homestead exemption up to $75,000 from $50,000. The increase starts at a home valued at $100,000 and stops at $125,000.
I think the way this works is a resident will get the full $25000 exemption for all houses over $125000. The $100K to $125K range is how it phases in. Example if your house is assessed at $112500 (halfway in the range) the exemption would be half of the $25000 or $12500. Not meant to be only houses within the range. |
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Ok...I am convinced that amendment 1 in good for most of Florida's people BUT have you ready Amendment 4.......giving Felonds their right to vote back??
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