Fla. House refuses to weaken tax cap amendment

TALLAHASSEE, Fla. (AP) - The House has turned aside an effort to
weaken a proposed state constitutional amendment that would cap
property taxes.

The chamber now is expected to vote next week whether to put the
proposal (HJR 385) on the 2010 ballot. A similar measure (SJR 738)
has not yet cleared committee in the Senate.

Both would limit annual property taxes to 1.35 percent of the
highest taxable value of a home or other piece of real estate.

The House on Friday rejected a motion to apply the limit,
instead, to market value.

That would have reduced potential savings for primary homes,
which already benefit from the Save Our Homes Amendment. It limits
annual assessment increases to 3 percent.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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