Amendment 3 spells property tax break for homesteads. For renters? Not quite, study says
As Floridians head to the polls to decide on a property tax amendment, a study found the legislation meant to make homeownership more affordable could burden renters. Amendment 3 would increase the homestead exemption on primary homes to $150,000 from the current $50,000 from non-school taxes, with the exemption jumping to $250,000 in 2028. The referendum requires 60 percent of the vote to pass, and if it does, Florida will be the first to implement a statewide property tax overhaul. It’s meant to make homeownership more affordable. But it makes no mention of apartment tenants, who may be exposed to […]This article originally appeared on The Real Deal. Click here to read the full story.
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