Florida Amendment 10, Homestead Property Valuation Increases Initiative (1992)

Florida Amendment 10
Election date November 3, 1992
Topic Property and Taxes
Status Approved
Type Initiated constitutional amendment	Origin Citizens

Florida Amendment 10 was on the ballot as an initiated constitutional amendment in Florida on November 3, 1992. It was approved.

A “yes” vote supported limiting homestead property valuations for ad valorem tax purposes increases to a maximum of 3% per year.

A “no” vote opposed limiting homestead property valuations for ad valorem tax purposes increases to a maximum of 3% per year.

Election results

Florida Amendment 10
Result		Votes	Percentage
Yes		2,493,761	53.65%
No		2,154,752	46.35%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Amendment 10 was as follows:

“

Providing for limiting increases in homestead property valuations for ad valorem tax purposes to a maximum of 3% annually and also providing for reassessment of market values upon changes in ownership.

”

Full Text

The full text of this measure is available here.

Constitutional changes

(c) All persons entitled to a homestead exemption under section 6 of this Article shall have their homestead assessed at just value as of January 1 of the year following the effective date of this amendment. This assessment shall change only as provided herein.

1. Assessments subject to this provision shall be changed annually on January 1st of each year; but those changes in assessments shall not exceed the lower of the following:

a. three percent (3%) of the assessment for the prior year.

(b) the percent change in the Consumer Price Index for all urban consumers, U.S. City Average, all items 1967=100, or successor reports for the preceding calendar year as initially reported by the United States Department of Labor, Bureau of Labor Statistics.

1. No assessment shall exceed just value.
2. After any change of ownership, as provided by general law, homestead property shall be assessed at just value as of January 1 of the following year. Thereafter, the homestead shall be assessed as provided herein.
3. New homestead property shall be assessed at just value as of January 1st of the year following the establishment of the homestead. That assessment shall only change as provided herein.
4. Changes, additions, reductions or improvements to homestead property shall be assessed as provided for by general law; provided, however, after the adjustment for any change, addition, reduction or improvement, the property shall be assessed as provided herein.
5. In the event of a termination of homestead status, the property shall be assessed as provided by general law.
6. The provisions of this amendment are severable. If any of the provisions of this amendment shall be held unconstitutional by any court of competent jurisdiction, the decision of such court shall not effect or impair any remaining provisions of this amendment.

Path to the ballot

See also: Signature requirements for ballot measures in Florida

The ballot measure was an initiated constitutional amendment. Proponents collected signatures to place the initiative on the ballot.

See also

1992 Measures

• 1992 Measures
• Taxes on the ballot
• Property on the ballot
• 1992 legislative sessions

Florida

• Florida ballot measures
• Florida ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Florida Division of Elections, "Initiatives / Amendments / Revisions Database"