Are you a Florida Voter? See Why Your Should Vote "Yes" on Amendment 2

Amendment 2 protects Florida by preserving an annual cap on non-homestead property tax increases.

In 2008, Florida voters approved a constitutional amendment that limited how much certain property taxes could increase each year. In 2019, that yearly cap will expire – unless Amendment 2 passes on the November 2018 ballot.

Amendment 2 is not a tax cut or tax increase. It simply keeps a cap – already in place – on how much local governments can increase certain property taxes every year. Homeowners who have a homestead exemption will not see their assessments affected by this amendment. It only affects those that own non-homestead property.

What is non-homestead property? Simply put, non-homestead property is any property that does not have a homestead exemption or other special exceptions under Florida law. Common examples of non-homestead properties include businesses, rental properties, and second homes.

If Amendment 2 doesn’t pass and the cap isn’t renewed, non-homestead property taxes could increase by unlimited amounts every year. Seasonal residents as well as local businesses could see their property taxes increase by 30%, 50%, or even higher – and that would be devastating. Renters could also see their rents skyrocket as landlords pass the extra taxes on to them.

“Amendment 2 is for Everybody” isn’t just a catchphrase, it’s the truth. Anyone that owns non- homestead property in Florida will benefit. Keeping property taxes low for out-of-state businesses and residents that are looking to invest in Florida property is good for all of us because it helps grow Florida’s economy, and brings jobs to our state.

It limits the tax burden on residents and families, protects renters from rent increases on by higher taxes, and ensures Florida remains an affordable place to live, work, and do business. Most importantly, Amendment 2 is not a tax cut, so it will not impact funding for local services such as schools or emergency services. This cap was approved overwhelmingly by Florida voters 10 years ago and its renewal is on the ballot again with strong bipartisan support. But it will expire unless we vote “YES” on Amendment 2.

Reprinted with permission

Paid political advertisement paid for and approved by Amendment 2 is for Everybody

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