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Florida Property Tax Admendment Passes
January 29, 2008
Amendment 1 was approved by Florida voters on Tuesday, surpassing the 60 percent vote needed.
“The citizens of Florida have spoken today and received the tax cut they deserved,” Florida Governor Charlie Crist said. “Amendment 1 keeps the American Dream of home ownership alive.” Crist had repeatedly spoken out in favor of the amendment, even appearing in television commercials in favor of the proposal.
With most of Florida’s vote counted late Tuesday night, the amendment had received 64 percent of the vote statewide.
In Escambia County, Amendment 1 received 65 percent of the vote, or 49,739 votes in favor. There were 26,506 votes against the plan, or about 35 percent.
The amendment will double the homestead exemption to $50,000 for homes valued over $75,000, allow transfer of Save Our Homes benefits and provide a $25,000 tangible personal property exemption for businesses.
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