Not True, renters DO pay property taxes already, they are part of the rent. Amendment 3 caps how fast the assessed value of a rental property can rise which will directly slow the increase.
Nearly 1 in 3 Floridians rent.
They donât get the homestead exemption under Amendment 3. They may get the bill instead.
Tax Foundation Senior Fellow Jared Walczak estimates that by 2028, if local governments raise rates to replace lost revenue, property taxes could increase roughly:
⢠$406/year on the average apartment
⢠$1,081/year on a rental house
⢠$1,196/year on an owner-occupied property without a homestead exemption
Those costs donât just disappear. Over time, much of them gets passed on to renters.
This is why you model a constitutional amendment BEFORE you put it on the ballot.
You can call Amendment 3 a tax cut, but if you lower one personâs bill and shift the cost onto somebody else, you didnât eliminate the tax.
You changed who pays it.