Amendment 1 to the Florida constitution passed by a 64% majority on Jan. 29, 2008.

 Experts say it's not enough but at least it's a start toward equitable property taxes.

School taxes are not affected by this.

In November, another proposal will be on the ballot.  "Another big property tax break is headed to Florida voter, but this one would benefit only owners of vast swaths of vacant land.  The proposal:  Keep your land green forever, and you'll never pay property taxes on it again.  If voters agree, thousands of acres worth billions of dollars could be saved from development.  But the property also would vanish from tax rolls of counties already coping with reduced revenues after last year's tax rate rollback and Tuesday's voter-approved tax cut."  St. Pete Times, 1-31-08.

For more info go to tampabay.com/taxes.  This is the site for the St. Pete Times and the archives will have lots of info on the effect of the new tax assessments.

 
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Amy Elftmann

Saint Petersburg, FL

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Century 21 Grant Realty of Florida, Inc.

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