Reposted from FloridaRealtors–this is a quick summary of three amendments passed on election day that will benefit Floridians.
TALLAHASSEE, Fla. – Nov. 7, 2012 – Florida voters passed three property tax amendments to the state constitution favored by Florida Realtors. In addition, a number of Florida Realtors PAC candidates won their respective districts.
However, the state Realtor association also backed another property tax change for the constitution, Amendment 4, that failed to get the 60 percent voter approval rating required under Florida law.
“The passage of three property tax amendments will offer relief to the Floridians who need it most – our disabled veterans, firefighters, seniors and their families,” says Summer Greene, 2012 Florida Realtors president. “We’re also thrilled that many of the candidates ready to help families and promote real estate industry growth in Florida won their respective races. In some cases, the winning candidate is one of our own. I’m very proud to report that a number of Realtors ran and won.”
Amendments passed by voters
The following amendments received at least 60 percent voter approval and became part of the Florida Constitution:
• Amendment 2 allows any U.S. veteran “disabled as the result of a combat injury” to receive a property tax break. Currently, only disabled veterans who lived in Florida when the injury occurred can benefit. Effective date: Jan. 1, 2013.
• Amendment 9 allows a property tax break exemption to the spouse of military veterans or first responders – law enforcement officers, correctional officers, firefighters, emergency medical technicians or paramedics – killed in active duty. Effective date: Jan. 1, 2013.
• Amendment 11 gives local governments the authority to create a new homestead tax exemption for seniors 65 and older, providing they’ve lived in the same home for at least 25 years, the home has a just value less than $250,000, and the homeowner fits a low-income classification.