ORLANDO, Fla. – A proposed constitutional amendment could save Florida homeowners tens of thousands of dollars in property taxes, but local governments and other organizations warn it could also lead to billions of dollars in lost revenue.
News 6 hosted a community discussion Monday to examine the potential impact of Amendment 3, which would dramatically expand Florida’s homestead exemption.
Supporters say the measure could help rein in rising property taxes. But critics question whether a larger exemption is the best way to address those increases and warn it could create unintended consequences…