Photo: Claudia Altamimi / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Florida homeowners just won a property tax cut worth nearly $12 billion a year. Everyone else now has to work out who pays for it. Amendment 3 passed Tuesday with 62% of the vote, according to CBS12 and NBC Miami, clearing the 60% the state constitution requires by two points. It raises the homestead exemption on non-school property taxes from $50,000 to $150,000…
MarketMiami
Florida Voters Just Cut Nearly $12 Billion a Year in Property Taxes. Landlords May Help Pay for It.
Florida’s expanded homestead exemption and lower non-homestead assessment cap leave owners watching implementation, local tax rates and post-sale assessment resets.
