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Florida Property Value Amendment, Amendment 3 (2008)

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Florida Amendment 3 authorized the Florida legislature to prohibit the consideration of certain improvements and changes to property when assessing the property's value to ad valorem taxation. These changes and improvements included those which increase resistance to wind damage, as well as the installation of renewable energy source devices.

The measure was placed on the ballot by the Florida Taxation and Budget Reform Commission (TBRC), along with six other tax-and-budget ballot measures on April 28th.

Election results

ResultVotesPercentage
Approveda Yes 4,109,743 60.4%
No2,698,86239.6%

Election Results via: Florida Department of State Division of Elections

Arguments in Favor

Notable arguments made in support of the measure included:

  • Hurricane safety may be improved in residential property.[1]
  • Residential property values may be increased.[1]
  • The amendment may relieve the burden on non-renewable energy sources.[1]

Arguments in Opposition

Notable arguments made in opposition to the measure included:

  • Local revenues could suffer.[1]
  • Individuals' savings may be minimal.[1]
  • The amendment does not apply to new construction.[1]
  • While homeowners who take prudent steps to protect property from natural disasters would save on their taxes, some opponents are concerned that continually carving out exemptions for certain activities such as renewable energy could ultimately distort tax laws as well as economic behavior.

See also

External links

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 League of Women Voters Tallahassee: "2008 State Ballot Initiatives"
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