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Florida Property Value Assessment Exemptions, Amendment 3 (2008)

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IIIIIIIVVVIVIIVIIIIXXXIXII

The Florida Property Value Assessment Exemptions Amendment, also known as Amendment 3 was a commission referral on the November 4, 2008 election ballot in Florida, where it was approved.

  • The amendment modified Article VII, Section 3 and 4 and added a new section to Article XII of the Florida Constitution to authorize the Florida legislature to prohibit the consideration of certain changes and improvements to property when assessing the property's value for ad valorem taxation. These changes and improvements included those which increase resistance to wind damage, as well as the installation of renewable energy source devices.[1]

Election results

Florida Property Value Assessment Exemptions, Amendment 3 (2008)
ResultVotesPercentage
Approveda Yes 4,351,975 60.51%
No2,839,82539.49%

Election Results via: Florida Department of State Division of Elections

Text of measure

The ballot title read:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

CHANGES AND IMPROVEMENTS NOT AFFECTING THE ASSESSED VALUE OF RESIDENTIAL REAL PROPERTY[1]

The ballot summary read:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Authorizes the Legislature, by general law, to prohibit consideration of changes or improvements to residential real property which increase resistance to wind damage and installation of renewable energy source devices as factors in assessing the property’s value for ad valorem taxation purposes. Effective upon adoption, repeals the existing renewable energy source device exemption no longer in effect.[1]

Constitutional changes

The text of the amendment can be read in the ballot pamphlet.

Support

Arguments

Notable arguments made in support of the measure included:

  • Hurricane safety may be improved in residential property.[2]
  • Residential property values may be increased.[2]
  • The amendment may relieve the burden on non-renewable energy sources.[2]

Opposition

Arguments

Notable arguments made in opposition to the measure included:

  • Local revenues could suffer.[2]
  • Individuals' savings may be minimal.[2]
  • The amendment does not apply to new construction.[2]
  • While homeowners who take prudent steps to protect property from natural disasters would save on their taxes, some opponents are concerned that continually carving out exemptions for certain activities such as renewable energy could ultimately distort tax laws as well as economic behavior.

See also

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