June 18, 2013
On the Ballot: Florida Constitution Amendment #4
By: Sean Sporman Email
Updated: Tue 6:54 AM, Oct 30, 2012
Amendment number 4 on Florida’s ballot has to deal with property value.
If passed, it would not allow increases in the *assessed* value of homestead property if the *market* value decreases.
It would also reduce the increases in commercial or non-homestead property to a cap of five percent per year.
Supporters argue that it would make taxation fairer in the state and bring in more outside investors. The opposition says that it would erode the Floridian tax base and cause tax inequality.
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