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Posted on: June 4, 2018

Amendment One - Additonal Homestead Exemption

Amendment 1 would provide for a homestead exemption on the portion of home values between $100,000 and $125,000, meaning the $25,000 between $100,000 and $125,000 of a home's value would be exempted from property taxes other than school district taxes. As of 2018, Section 6(a) of Article VII of the Florida Constitution provides for a homestead exemption on the portion of home values between (a) $0 and $25,000 and (b) $50,000 and $75,000.[1] If voters approve Amendment 1, the homestead exemption for a home valued at $200,000 would be $75,000. If voters reject Amendment 1, the homestead exemption for a home valued at $200,000 would remain at $50,000.


The City of Mary Esther currently has a total of 2,079 homesteaded properties. Out of the 2,079, only 437 (21%) properties would qualify for the additional $25,000 exemption. An additional 171 (8%) properties would qualify for a partial exemption (amount below the $25,000 exemption amount).

1,471 (71%) properties out of the 2,079 will see NO GAIN from Amendment 1. The estimated tax revenue lost to the City of Mary Esther with the passing of Amendment 1 is $55,000.00 annually. 

 

Upcoming City projects that could be funded with the additional $55,000 in tax revenues are:

  1. Upgrades to playground equipment for at least two city parks
  2. Upgrades to the City’s Library – bathroom and front door upgrades are needed to be in compliance with ADA (Americans with Disabilities Act) standards and regulations
  3. Purchase of two new City vehicles
  4. Roadway maintenance and repaving projects


For more information, please refer to the resources below:



Legislative Language

League of Women Voters of Florida Amendment 1 Explanation

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