A proposed Florida constitutional amendment aimed at slashing property taxes could offer immediate relief to homeowners, but county property appraisers are warning it will spark a major financial challenge for local governments and alter how public services are funded.
Appraisers from Miami-Dade, Broward, and Palm Beach counties appeared Friday on WLRN’s South Florida Roundup — hosted by Tim Padgett — to discuss the fiscal math of the proposal, which could drain billions of dollars from local government coffers in the region and around the state.
If 60% of voters approve the ballot measure in November, the homestead exemption on non-school property tax levies would increase next year to $150,000, then to $250,000 in 2028, saving individual homeowners thousands of dollars…