close
close

Semainede4jours

Real-time news, timeless knowledge

    • Gazette confirmations of homestead exemption
    bigrus

    Gazette confirmations of homestead exemption

    Harry Posted on

    Election Day is Tuesday, November 5, 2024, polls are open from 7 a.m. to 7 p.m.

    Do you have information about it? 2024 Florida Amendments?

    Florida Voters will face six constitutional amendment proposals In the vote on November 5. Each must receive at least 60% of the vote to be included in the Florida Constitution.

    Still not sure what each change means and whether to vote “yes” or “no”? In this story we highlight: Amendment 5 to help you prepare Election DayTuesday, November 5, 2024 from 7 a.m. to 7 p.m.

    If you want to vote in advance for the candidates and the six Florida Amendments, early voting will continue through Sunday, November 3. Hours and days vary by district.

    Early voting: Here are the times, dates and when it will start in Florida by county.

    With less than two weeks until the election, if you’re still not sure what Amendment 5 (the “inflation-adjusted homestead exception” amendment) means and whether to use “yes” or “no,” I’ll break it down for you.

    In this story, we highlight Amendment 5 and offer recommendations (where available) from the editorial boards of two Florida newspapers in the USA TODAY NETWORK and four other newspapers in the Sunshine State. Although Florida is home to nearly two dozen newspapers with 16 sites that are part of the USA TODAY Network, a small fraction of the newspapers provide editorial board recommendations during the U.S. general election. But every newspaper covered the Florida changes in the 2024 election with stories telling their readers what they meant. If you want to do more research on Amendment 5, below is a list of newspapers that link to their sites.

    How many newspapers are there in Florida?

    Below is a list of Florida newspapers:

    Which Florida newspapers offer editorial board recommendations or Florida amendment approvals?

    For the 2024 general election, in most cases, the editorial boards of six Florida newspapers offered recommendations or recommendations (endorsements on how to vote) on six amendments to the Florida ballot measure.

    play

    Amendment 5: Brings inflation adjustment to property tax exemption

    FLORIDA TODAY’s John A. Torres discusses Amendment 5 with USA Today Florida Network reporters John Kennedy and James Call.

    Florida Amendments of 2024: Amendment 5annual adjustments in the value of certain Homestead exemptions, aka ‘homestead exemption change’

    Sponsor: Florida Legislature

    Summary: Propose an amendment to the State Constitution that would require an annual adjustment for inflation to the value of existing or future homestead exemptions that apply only to taxes other than school district taxes and that apply to all persons having legal or equitable title to real property and to the owner or owner of that property. Another person who is legally or naturally dependent is entitled to permanent residence. This change will come into force as of January 1, 2025.

    TCPalm, also known as Treasure Coast newspapers, has offices in Indian River County, Martin County and St. Louis, Florida. Part of the USA TODAY Network covering St. Lucie County.

    TCPalm: NO

    TCPalm Editorial Board Recommends voting No on Amendment 5.

    From where: “While those of us who own farm property could potentially benefit from a small tax break, the never-ending process of asking voters to (artificially) cap property tax values ​​through constitutional amendments every few years is exhausting. “Potential unintended consequences, such as local governments increasing millage rates to compensate for revenue shortfalls or cost shifts for small or large businesses without farms, rarely appear to be considered.”

    Going deeper into Amendment 5: Will you vote yes or no on the Florida Amendments? What does Amendment 5 mean, homestead exemption proposal

    The Palm Beach Post is part of the USA TODAY Network.

    Palm Beach Post: NO

    Recommendation from the Palm Beach Post Editorial Board a There is no vote on Amendment 5.

    From where: “Amendment 5 sounds good. Annual inflation adjustments to homestead property tax exemptions will be permitted for the value of the exemption applicable to non-school taxes. Simply put, if the Consumer Price Index, which measures inflation, increases, your home tax deduction will also increase. Attractive but problematic for local communities. The Post recommends that voters reject this amendment with a ‘no’ vote. This creates the deceptive impression that state lawmakers are giving homeowners a larger tax break. “They are actually proposing an amendment that would reduce the revenue needed for counties and municipalities to operate and provide the various services that make our communities livable.”

    Tampa Bay Times: YES

    The Tampa Bay Times Editorial Board recommends: Voted Yes on Amendment 5.

    From where: “Indexing Florida’s homestead exemption to inflation is a good idea: This commonsense change will give Florida homeowners the full benefit of the tax break they’ve already been promised. Property taxes in Florida are set by local governments (cities, counties, school districts, and special taxing districts) to fund their activities. “While taxes are levied on the assessed value of a home, the state constitution provides a homestead exemption for permanent residence, which reduces the amount of taxes the homeowner pays.”

    Miami Herald: YES

    Miami Herald Editorial Board recommends Voted Yes on Amendment 5.

    From where: “Amendment 5 on the November ballot is a reasonable proposal that would give Florida homeowners more benefits from the homestead tax exemption and some relief they may really need given the housing affordability crisis. Homeowners in this state are allowed a $25,000 homestead exemption on all property taxes, excluding taxes for schools, and an additional $25,000 exemption on property values ​​between $50,000 and $75,000. Exemptions apply if you live at home. Amendment 5 would apply to the second $25,000 exemption. The change will adjust the exemption amount based on the inflation rate; This means that under current conditions, the exemption amount will increase and homeowners will win.”

    The editorial boards of the Orlando Sentinel and the South Florida Sun Sentinel have combined their recommendations for most of the 2024 Florida Amendments. Below is what the editorial boards of both newspapers had to say about Amendment 5, the “farm exemption” change.

    Orlando Sentinel: NO

    South Florida Sun Sentinel: NO

    Orlando Sentry And South Florida Sun Sentinel The Editorial Boards recommend voting No on Amendment 5.

    From where: “Voters should say ‘no’ to maintain current homestead exemptions: One of the worst traits of the Legislature is cutting taxes at someone else’s expense. That’s the problem with Amendment 5. It would provide cost-of-living adjustments on part of the homestead” Exemption that offsets the taxable value of owner-occupied housing is the portion of a home’s value between $50,000 and $75,000 that is applied to the tax bases of all local governments, excluding schools. Amendment 5 does not change the basic homestead exemption, which exempts property taxes. However, if inflation increases, taxes paid by all government entities except schools may be reduced under the exemption, which excludes assessments between $50,000 and $75,000 for the city, county, and private sector. Unless boards increase tax rates, district taxes on the other portion will decrease. In other words, revenues that pay for police, fire, roads, parks and other municipal and county services may be cut, and this extra exemption may not save money. “It could be too much for individual taxpayers and devastating for local governments.”

    Harry
    View all posts

    You Might Also Like