HB 21-Relating to Limitations on Property Tax Assessments
On Thursday, March 9th, HB 21, relating to Limitations on Property Tax Assessments, by Representative Colleen Burton (R-Lakeland) was heard in the House Commerce Committee and was reported favorably with a vote of 24 yeas to 2 nays. AIF’s Senior Vice President of State and Federal Affairs, Brewster Bevis, stood in support of this bill.
In 2008, Florida voters approved Amendment 1 which, among other things, created a 10% cap on the annual increase of property taxes for all non-homestead properties. However, this amendment included a sunset provision that goes into effect on Jan. 1, 2019. HB 21 proposes a constitutional amendment be added to the ballot during the 2018 General Election to let the voters decide in making this cap 10% tax cap permanent.
HB 21 will now go to the House floor to be heard.
AIF SUPPORTS a permanent 10% property tax cap on second homes and commercial property.