TALLAHASSEE, Fla. (WFLA) — In a few months, Floridians will be heading to the polls with a jam-packed ballot, voting for a new governor, congressional leader, state lawmakers, and the property tax relief proposal, Amendment 3.The newly named Amendment 3 is looking to raise the state’s homestead exemption for all non-school taxes from $50,000 to $150,000 by 2027, $250,000 by 2028, and create a pathway to full elimination.
It also reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%.However, even with the latest title and summary change, Amendment 3 is still facing heat.”I don’t think many people were aware that their property taxes could potentially be funding health care services in their city,” Erica Monet Li of Florida Policy Institute said.
According to a new report from the Florida Policy Institute, the measure could have significant consequences for some public hospitals across the state, including in Sarasota County.”It’s estimated to lose about forty-three and a half million dollars over the next three years if amendment three passes,” Li said. “This is important because Sarasota Memorial Hospital System is one of the largest public health systems in America. It has over 21 facilities, 2,500 physicians, and advanced practice providers, and it sees about two million patients a year.”…