Governor Charlie Crist, speaking this morning at the annual meeting of the Florida Association of Realtor in Orlando, predicted a boom in the Florida economy, especially real estate, if Floridians pass the new constitutional amendment rolling back property taxes in Jan.
Key points include:
- A cap of 4% on Government revenue increases, directly protecting non-homestead properties
- A Super Homestead Exemption option providing tax relief on the first $155,000.00 of a medium price home in Florida while protecting those who wish to maintain the existing “Save Our Homes” cap of 3% on their homestead properties,
- The elimination of $25,000.00 in Intangible taxes for small business for each county in which they do business.
The amendment, which is strongly endorsed by the Realtors, will be the only issue presented on the ballot during Florida’s new early presidential primary. To pass, the amendment needs a super majority of 60% of Florida voters. Recent polls reflect that 55-57% of voters are already in favor of the plan.