Real Estate Investing | Realtors | Is Florida Amendment 2 For You [E-107]
Channel: Kevin Tacher Florida Real Estate
Date: 23/10/2018

Florida Amendment 2, Permanent Cap on Nonhomestead Parcel Assessment Increases Amendment (2018)

What would Florida Amendment 2 do?

Amendment 2 would make permanent the cap of 10 percent on annual nonhomestead parcel assessment increases set to expire on January 1, 2019. The cap does not apply to school district taxes. Voters approved the cap in 2008, when 64 percent voted to pass Amendment 1.

Properties considered nonhomestead parcels include nonhomestead residential properties, such as second homes and rental apartments, and nonresidential property, such as commercial property and vacant land.

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