What Would the Florida Property Tax Amendment Change? At its core, the Florida Property Tax Amendment would make a permanent constitutional change to how certain ad valorem property taxes are calculated and used if at least 60 percent of voters approve it in November 2026. If passed, it would take effect January 1, 2027, and apply to ad valorem taxes rather than every property-related charge. In housing markets facing rising inventory and slower price growth, tax rule changes can further influence investor underwriting and local budget expectations. The revised ballot language, narrowed after a court challenge, frames an enduring shift in property valuation rules. The ballot title was rewritten to new title after a judge found the original wording misleading. The amendment would also lower the annual assessment cap on non-homestead property from 10 percent to 5 percent beginning in 2027. That change would slow taxable value growth for commercial and other non-homestead parcels. It wo...
As we enter into 2022, 2021 has left quite a lifestyle change for the world with the west coast real estate industry being no exception.
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