Tuesday, September 25, 2007

PROPERTY TAX VOTE DERAILED, AT LEAST FOR NOW [FLORIDA]

Florida's scheduled vote on January 29 on a constitutional amendment to revamp its homestead property exemption tax system has been cancelled by a Tallahassee judge. The judge indicated that the amendment is confusing and misleading to voters.

One problem with the amendment is that the ballot summary doesn't tell voters that the new system will phase out the popular Save Our Homes tax cap limiting taxable homestead value increases at 3 percent a year. It is also misleading in promising "everyone" a minimum $50,000 homestead tax exemption.

This does not mean that the vote is off for good. The Florida Legislature may appeal the ruling, or simply correct the defects in its October 3 special session.
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