• Home
  • About
  • Reviews
  • Sellers
  • Buyers
  • Contact
  • Listings
  • Blog
  • Search
  •  



  • VOTE YES OR NO - AMENDMENT 2 CAN BE CONFUSING. LEARN HOW TO VOTE

    Tuesday September 25, 2018

         


    It is extremely important to learn about Florida Amendment 2, which will be on the ballot in Florida on November 6th with the title LIMITATION ON PROPERTY TAX ASESSMENTS.

    Amendment 2 prevents taxes from skyrocketing , hurting the economy and making rents too expensive.  A decade ago, Florida voters approved a law that placed a 10 percent cap on annual increases of non-homestead property taxes, which includes home and apartment rentals, business and commercial parcels, and vacant lots. If passed, Amendment 2 would make the 10 percent cap permanent. A “YES” vote supports this amendment and protects renters, businesses and other property owners.

    If Amendment 2 doesn't pass and the cap is not renewed everyone in Florida will be affected.  If you own any property other than your home, such as a rental property, vacation rental, or business, you could see your property taxes greatly increase. Even if you don’t own any of these, you would still feel the impact because many business would pass the their increased costs on to you (i.e. renters will see their rent go up over and over again when landlords pass the extra taxes on to them).  Also investors will be discouraged from investing their money in rental properties and businesses in fear of unlimited tax increases, and we would lose a great source of work for many people.  Simply put, Florida is going to be hurt  if the amendment does not pass .  A “no” vote opposes this amendment to cement a 10% cap. A “no” vote is no good. 

    The negative impacts of the non-homestead tax cap expiring are enough to keep anyone up at night, not only from a business perspective, but just a general concern for the community.

    VOTE YES TO AMENDMENT 2!

    Source: Florida Realtors Association
  • RE/MAX ADVANCE REALTY
    7220 Red Road, South Miami, FL 33143
    305 778 0834
    Home About Reviews Sellers Buyers Contact Listings Blog Search
    Powered by GetSuiteUX.com