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  PROPERTY TAX EXEMPTIONS; LIMITATIONS ON PROPERTY TAX ASSESSMENTS
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Parents > United States > Florida > Constitutional Amendments > 2008 Initiatives and Referenda > Limit Annual Assessment
OfficeReferendum
Type Referendum
Filing Deadline June 21, 2007 - 12:00pm Central
Polls Open January 29, 2008 - 06:00am Central
Polls Close January 29, 2008 - 06:00pm Central
Term Start January 30, 2008 - 12:00am
Term End 00, 9999 - 12:00am
Turnout 39.62% Registered
ContributorCBlock941
Last ModifiedCBlock941 January 30, 2008 11:55am
Data Sources[Link]
Description
This revision proposes changes to the State Constitution relating to property taxation. With respect to homestead property, this revision: (1) increases the homestead exemption except for school district taxes and (2) allows homestead property owners to transfer up to $500,000 of their Save-Our-Homes benefits to their next homestead. With respect to nonhomestead property, this revision (3) provides a $25,000 exemption for tangible personal property and (4) limits assessment increases for specified nonhomestead real property except for school district taxes.

In more detail, this revision:
(1) Increases the homestead exemption by exempting the assessed value between $50,000 and $75,000. This exemption does not apply to school district taxes.
(2) Provides for the transfer of accumulated Save-Our-Homes benefits. Homestead property owners will be able to transfer their Save-Our-Homes benefit to a new homestead within 1 year and not more than 2 years after relinquishing their previous homestead; except, if this revision is approved by the electors in January of 2008 and if the new homestead is established on January 1, 2008, the previous homestead must have been relinquished in 2007. If the new homestead has a higher just value than the previous one, the accumulated benefit can be transferred; if the new homestead has a lower just value, the amount of benefit transferred will be reduced. The transferred benefit may not exceed $500,000. This provision applies to all tax

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PRIMARY/OTHER SCHEDULE
MAP
United States 1959 - MAP
LEANING PREDICTIONS    Detail
Leaning Graph
01/14/2008 01/29/2008
CandidateSlightLeanStrongSafe
No --1 ----
Leaning Call: No (100.00%)
Weighted Call: No (100.00%)
MATCHUP POLL GRAPH
Poll Graph

09/03/2007 01/16/2008

CANDIDATES
Photo  
Name Yes No  
PartyYES NO  
Campaign Logo  
Uncertified Votes (99.00% in) 2,630,002 (64.06%) 1,475,355 (35.94%)  
Margin0 (0.00%) -1,154,647 (-28.13%)  
Estimated Final2,656,302 (64.06%) 1,490,108 (35.94%)  
Predict Avg.52.00% 48.00%  
Cash On Hand $-- $--  
Website  
Entry Date 06/21/2007 06/21/2007  
Bar
MATCHUP POLLS (2 from 2 pollsters)
Adj Poll Avg48.51%-- 38.44%--  
Mason-Dixon 
01/14/08-01/16/08
51.00% -- 36.00% --
Quinnipiac University 
09/03/07-09/09/07
47.00% -- 22.00% --
ENDORSEMENTS
Endorsements
FWP CBlock941
 


EVENTS
Start Date End Date Type Title Contributor

VIDEO ADVERTISEMENTS
Start Date Candidate Category Ad Tone Lng Title Run Time Contributor

INFORMATION LINKS

NEWS
Date Category Headline Article Contributor
Sep 14, 2007 08:00am Study UF study: Fewer than half of Floridians will trade in Save Our Homes  Article CBlock941 

DISCUSSION