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Florida's property tax cap expires December 31st. Everybody will be hurt. Protect Florida by voting “YES” on Amendment 2 and keep the cap!

What exactly does Amendment 2 do?

In 2008, voters passed a constitutional amendment that limited how much non-homestead property taxes could increase from year to year. In 2019, that yearly cap is set to expire. If Amendment 2 passes, it will make that cap permanent and will protect renters, businesses, and other property owners.
 

Is Amendment 2 a tax cut?

Amendment 2 is not a tax cut or tax increase. It prevents taxes from skyrocketing, hurting the economy and making rents too expensive. Simply put, Amendment 2 keeps a cap—already in place—on how much local governments can increase certain property taxes every year.
 

What happens if the cap isn’t renewed?

If Amendment 2 doesn’t pass and the cap isn’t renewed, certain property taxes could increase by unlimited amounts every year. Much like before the cap was passed by Florida voters, local mom-and-pop stores could see their property taxes increase by 30%, 50%, or even higher—and that would be devastating. Renters could also see their rents skyrocket as landlords pass the extra taxes on to them. Passing Amendment 2 will protect these groups, and more.

How will Amendment 2 affect me?

If Amendment 2 doesn’t pass, everybody in Florida will be affected. If you own a vacation rental, business, or any property other than your home, you could see your property taxes greatly increase. Even if you don’t own any of these, you would still feel the impact because many businesses would pass their increased costs on to you because their taxes increased. By passing Amendment 2, we can protect all Floridians from dramatic tax increases and the higher prices they bring with them.
 

Will Amendment 2 affect properties with homestead exemptions?

No, Amendment 2 has no direct impact on homestead exemptions. It only affects those that own non-homestead properties.
 

What is non-homestead property?

Simply put, non-homestead property is any property that does not have a homestead exemption or other special exceptions under Florida law. Common examples of non-homestead properties include businesses and rental properties.
 

Will Amendment 2 affect schools and emergency services?

Funding for our schools and emergency services will not be affected by Amendment 2.
 

Who is supporting Amendment 2?

Amendment 2 has a large and diverse group of support. Local businesses and renters support it, as do your local Realtors® and Chambers of Commerce.
 

Who benefits from Amendment 2?

Everybody does! Voters took action 10 years ago and overwhelmingly agreed to stop yearly tax hikes. Even though Amendment 2 only affects certain property taxes, it benefits everybody by keeping Florida an affordable place to live, work, and do business.
 

Do out-of-state businesses or residents benefit from this?

“Amendment 2 is for Everybody” isn’t just a catchphrase, it’s the truth. Anyone that owns non-homestead property in Florida will benefit. Keeping property taxes low for out-of-state businesses and residents that are looking to invest in Florida property is good for all of us because it helps grow Florida’s economy and brings jobs to our state.
 

What does the amendment text say?

Summary:

LIMITATIONS ON PROPERTY TAX ASSESSMENTS.—Proposing an amendment to the State Constitution to permanently retain provisions currently in effect, which limit property tax assessment increases on specified nonhomestead real property, except for school district taxes, to 10 percent each year. If approved, the amendment removes the scheduled repeal of such provisions in 2019 and shall take effect January 1, 2019.

You can read the full text of the amendment here: http://dos.elections.myflorida.com/initiatives/fulltext/pdf/10-96.pdf 

ABOUT

Florida’s property tax cap expires December 31st!

Amendment 2 protects YOU by keeping a cap on annual property tax increases.

Prior to the statewide cap on non-homestead property tax increases, taxes would often jump by over 10% year after year. That cap will expire December 31st. Amendment 2 makes a 10% cap permanent, protecting residents and forever removing the threat of large tax hikes.

Amendment 2 is good for everybody! It helps communities

thrive by preventing excessive property taxes, protecting renters from rent increases, and ensuring Florida remains an affordable place to live, work, and do business.

Amendment 2 balances Florida’s need to protect its citizens and communities,

while maintaining and promoting economic opportunity. On November 6, 2018, you will have the opportunity to make this cap permanent by voting “YES” on Amendment 2.

Amendment 2 Will Keep the Cap and Protect Florida!

Amendment 2 is for Communities!

Amendment 2 helps communities thrive 

by preventing increases over 10% on certain property taxes. Before this cap was in place, local businesses were under threat of property tax spikes, and residents could be subject to soaring taxes and rent increases.

Amendment 2 is for Renters!

Amendment 2 protects renters from unaffordable rent increases that would occur if landlords were to get hit with uncapped property tax assessments. Stable rent provides renters with security, and allows them to contribute to their community.

Amendment 2 is for Business Owners!

Local businesses are critical to the economic success of our state. Amendment 2 preserves their protection from large tax increases, allowing local businesses to thrive within their communities and keep prices low on the goods and services they sell.

Amendment 2 is for Police and Firefighters!

First responders are the bedrock of a safe and vibrant community and must be protected. Amendment 2 simply keeps in place a property tax cap that has existed for 10 years, which means funding for our emergency services will not be impacted.

Amendment 2 is for Teachers!

The property tax cap kept in place by Amendment 2 does not apply to the funds that schools receive from property taxes. This means that the tax cap can continue to help communities thrive without impacting the great work our schools are doing to educate our children.

Amendment 2 Has Strong Bipartisan Support

To get on the 2018 ballot and be decided by Florida voters, Amendment 2 was first passed by our state legislature with overwhelming bipartisan support.
Senate: 100% Supported
House: 97% Supported

We Need to Pass Amendment 2

For the past ten years, this property tax cap has protected certain property owners from being hit with massive property tax hikes if the value of their property increases year to year. The property tax cap is set to expire, leaving Florida’s communities in jeopardy. By voting “YES” on Amendment 2, you can protect yourself and Florida’s renters, police and firefighters, business owners, teachers, communities, and more…

On November 6, 2018, vote “YES” on Amendment 2.