Its official, amendment 3 is off the ballot for the November elections. The proposed amendment to the Florida Constitution would have offered a property tax reduction to qualified homebuyers that have not owned a home in 8 years, as well reducing the cap on yearly taxable value increases in the commercial real estate market.
The amendment was removed by a judge in Tallahassee, Florida as he found the wording misleading and was concerned that voters would approve the amendment without all the information.
According to John Sepree, the VP of Public Policy at Florida Realtors, “We are, of course, disappointed that the courts removed Amendment 3 from the November ballot, however, we do see an opportunity in this. The Florida Legislature clearly favors a yearly cap on property taxes for commercial real estate, as well as a break for first-time homeowners.”
Amendment 7, a proposed amendment that would add standards to redistricting and amendment 9, the “health care freedom” amendment were also rejected by the Supreme Court. However the two redistricting amendments, 5 and 6, were allowed by the court.
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