One of my favorite things about being an American is having the right to vote.
Voting is not only a right, it’s a privilege. And I believe it comes with great responsibility.
Before you vote, you should be informed about the people and subjects you are voting on.
This can be an enormous task and many people vote without taking time to really find out what and who they are voting on. Where do you look for unbiased information?
This blog is to do my very best to inform you on my OPINION as to why you should vote YES on Amendment 4.
Amendment 4 is over 600 pages long.
Who is actually going to read it? I would bet many legislators don’t even take time to read it.
I will do my very best to give you correct information on why you should vote yes on Amendment 4, and my OPINION is backed up by Tax Your Assets Off.
Many of you have seen that your property taxes went up even though your property value went down.
Currently your property value can go up 3% per year – meaning your property taxes can go up even if your millage rate does not.
Leaving the law as it is written means that even if your assessed value goes down your taxes can still go up by 3%.
In short this is a “recapture” tax and Amendment 4 would do away with this.
Renters and Small Business
Amendment 4 also helps renters and small businesses.
Well, currently Amendment 4 allows for small businesses and investment properties (we all know that additional costs for landlords are passed on to renters) accessed values to increase up to 10% per year.
Amendment 4 will change the cap from 10% to 5%. Over time, lowering this cap will encourage more investors to come to Florida.
First Time Home Buyer
You were or you know someone who will be a FIRST TIME HOME BUYER.
Currently Amendment 4 states that if a Florida resident has never had a homestead exemption or if he/she has not claimed a homestead exemption in the last 3 years that homeowner is a “FIRST TIME HOME BUYER”.
And they can receive an additional exemption of half the value of your home – up to $150,000 or half the median home price in the county in which you reside.
If you Vote YES on Amendment 4, it will mean that exemption will stay in place for 5 years instead of the 3 currently in place saving taxpayers a substantial amount of money.
We need job creation and stimulation.
Studies (Taxwatch Study) show voting YES on Amendment 4 should create approximately 20,000 new jobs and over 315,000 home sales and add nearly $5.3 billion dollars to the personal income of our Florida Residents.
Be an informed voter and encourage those you know to do the same. Our country depends on it!
I am a part of the REALTOR Party and I VOTE!