Florida 75% Property Tax Exemption (2008)

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A 75 percent Tax Exemption Initiative was proposed as an initiated constitutional amendment for the November 4, 2008 ballot in Florida, but the measure ultimately did not qualify for the ballot.

It would have, by general law and subject to conditions specified therein, established that not less than a minimum of 75% of the just value of property subject to property taxes would be exempt from taxation. The taxable value of property would be 25% of its just value under this exemption or it would have been the current taxable value, whichever was less.

The Florida Ballot Initiative 527 advocacy group sponsored the initiative. The group advocated the abolishment, or a significant reduction, of property taxes in Florida.[1]

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