Realtor study finds reducing property taxes would increase Florida home values by up to 9% overnight

Realtor study finds reducing property taxes would increase Florida home values by up to 9% overnight

Campaigns against Amendment 3 are challenging the idea that reducing property taxes would make homeownership more attainable, saying that if the amendment passes, Florida home values could shoot up.

Florida Republicans: Amendment 3 Helps Renters, Homeownership Affordability

Florida Republicans want voters to know that Amendment will help renters and homeownership affordability. The Republican Party of Florida said that Amendment 3 puts Florida renters and homeowners first by limiting property-tax pressure on rental properties, creating a pathway for direct renter tax relief, and substantially reducing the property-tax burden of homeownership. For rental and other covered non-homestead property, Amendment 3 cuts th…