Amendment 5: What is it?

[@bobblacka918]

The part of the amendment that concerns me is where it allows the dependents of the owner to file for Homestead Exemptions even when the owner does not reside in Florida. Theoretically, an investor living in Connecticut could buy 8 houses in Florida, then rent them to his aged parents, in-laws, and children, and then still claim a Homestead Exemption, even though the actual owner is not a Florida resident. Eventually, almost every house in Florida would be getting a Homestead Exemption forcing the state to raise property taxes to compensate. If this is not the actual intention of the Amendment, then the wording needs to be clarified to prohibit this practice.

[@BaneOfThanatos]

now I'm more confused, thanks

[@SandcastleDreams]

Tied to inflation means that it changes, based upon who is in office. Not a good idea.

[@vicentee2687]

dose this change any rules for disabled veterans that don't pay property taxes

[@P_double_H]

"If it passes, it will save me money". Say no more. I'm voting Yes on 5.

[@user-vv9lr2rw5d]

Sounds great!

[@APC9906]

You’re late to post this.

[@tonyacerra2329]

Homesteading is very unfair. I am 67 and my taxes are 3 1/2 times higher than my neighbor. I was wondering how everyone affords those new trucks and boats. We should all be equal. Politicians buying votes with taxpayer’s money. They also increased impact fees to $18,000. Which by the way according to the Supreme Court is illegal under the takings clause of the 5th amendment.

[@user-vv9lr2rw5d]

Maybe you should have owned property here sooner then. That’s retarded. If anything we need higher and longer homesteading. Florida needs its own prop 13.

[@jeffro9276]

if you are a resident you get homestead! if not you don't nothing unfair about that.

[@tonyacerra2329]

@@jeffro9276 I am homesteaded.

[@bobblacka918]

Homesteading was designed to allow retirees to live in their homes until death without being taxed out of them. I think it's unfair that a person pays property taxes for 30 years and then can no longer afford to live in his own paid-off house due to inflation. I experienced that in NJ. When I moved into my NJ house, property taxes were $2,500/yr. Last year they were over $10,000/yr. Being retired, I could no longer afford to live in my own house which was paid off years ago so I had to sell it and move.

[@tonyacerra2329]

@@bobblacka918 I also came from NJ. The best solution is to do what Delaware does. My friend moved there and now after he has been there for 3 years and he is over 65, he no longer has to pay for the school portion of his property taxes which is the biggest chunk. There are many young Floridians who are still working and living in million dollar homes with property taxes lower than mine and I’m on a fixed income. It’s all vote buying just like what the democrats are doing on the border.