Save our Homes from Excessive Property Taxes
What it does: Save our Homes from Excessive Property Taxes; Proposing amendments to the State Constitution to revise the limitation on annual assessment increases for specified real property, to increase the homestead exemption, to provide a limitation on the use of ad valorem taxes levied by counties and municipalities, and to provide an effective date, etc. (official summary)
Question before the chamber: A - 682580, Amendment, Second Reading
A yes vote would replace the ballot statement with one describing a homestead exemption rising from $50,000 to $150,000 in 2027 and $250,000 in 2028, a 5% cap on non-homestead assessment increases, and limits on local spending of property-tax revenue. (AI-written)
Yes 12 · No 21 · Democrats 10–0 · Republicans 1–21