HB 21 & SB 76-Relating to Limitations on Property Tax Assessments 
On Wednesday, April 26th, HB 21, by Representative Colleen Burton (R-Lakeland) was substituted for its Senate companion bill, SB 76, by Senator Tom Lee (R-Brandon), read for a third time on the Senate floor and passed by a unanimous vote of  35 yeas to 0 nays.

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 desk of the Governor.

AIF SUPPORTS a permanent 10% property tax cap on second homes and commercial property.