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Florida Property Assessed Value Amendment (2010)

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Florida Property Assessed Value Amendment did not appear on the November 2, 2010 ballot in Florida as a legislatively-referred constitutional amendment. The proposed measure prohibited increases in the assessed value of property if the fair market value of the property decreased. It would have amended Section 4 of Article VII of the Florida Constitution and create a new section in Article XII.[1]

The measure was not approved by the legislature at the end of the 2010 legislative session on Friday, April 30, 2010, thus the measure did not appear on the 2010 ballot.

Support

The measure, sponsored by Sen. Mike Fasano, would have eliminated an "archaic rule" argued Fasano. According to Greg Giordano, Fasano's chief legislative assistant, "Senator Fasano believes that it is absurd that a person's assessed (or taxable) property value should go up while its (market) value goes down. In these tough economic times ... it is the senator's belief that people should see a break in their taxes, not some artificial increase caused by an archaic rule."[2]

Path to the ballot

See also: Florida law for legislatively-referred constitutional amendments

In order to qualify for the November 2010 ballot the proposed amendment required a minimum of 60% approval in the both the House and the Senate.

See also

External links

References

  1. ↑ Florida Senate,"SJR 718 summary," retrieved March 30, 2010
  2. ↑ The Suncoast News,"Proposals dangle possible property tax relief," March 27, 2010
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