The 2024 Florida Amendment Series: Amendment 5 - Recommendation

My recommendation is for a Yes vote on Amendment 5.

Episode Transcript

Speaker 1 (00:01):
Faith Freedom to Florida. This is the Brian bud Show
the Florida Amendment series. This is Amendment five in my
recommendation on it. There are six proposed constitutional amendments on
Florida's ballots this November. For those were referred to ballots

(00:21):
by the Florida Legislature, two citizens led proposals. The fifth
of these sixth amendments would provide for an annual inflation
inflation adjustment for property taxes capped by homestead exemption. Here's
how it will appear on your ballot. The title Annual
Inflation Adjustment for Homestead Property Tax Exemption Value Amendment. This

(00:43):
summary reads like this, proposing an amendment to the State
Constitution to require an annual adjustment for inflation to the
value of current or future homestead exemptions that apply solely
to levies other than school districts levees, and for which
every person who has legal or equitable title to real
estate and maintains thereon the permanent residence of the owner

(01:05):
or another person legally or naturally dependent upon the owner
is eligible. This amendment takes effect January one, twenty twenty five.
A yes vote supports an annual inflation adjustment to the
amount of assess value that is exempt from property taxation.
A no vote opposes an annual inflation adjustment to the
amount of assess value that is exempt from property taxation.

(01:29):
My recommendation is for a yes vote on Amendment five.
In the state of Florida, every primary residence is eligible
for a twenty five thousand dollars homestead exemption. An additional
twenty five thousand dollars exemption is provided for a homestead
of properties value between fifty to seventy five thousand dollars
excluding school taxes. Should this amendment pass, the annual value
of homestead property tax exemption would adjust on January first

(01:54):
of each year based on the percentage change and the
consumer price index. Now.

Speaker 2 (02:00):
The state's original twenty five thousand dollars homes at exemption
was passed in nineteen eighty. The additional twenty five thousand
dollars exemption passed in two thousand and eight. A dollar
in nineteen eighty is worth twenty six cents today. That's it.
A dollar in two thousand and eight is worth seventy
cents today. Clearly, the tax benefit of fores homestead protections
was far greater when they were previously passed as compared

(02:23):
to their effect today. The most efficient way to deliver
the intended impact over time is to have an annual
inflation adjustment the proposed amendment. It needs a minimum of
sixty percent support to pass