Vote Nov. 4th Amendments 3,4 & 6-Important Property Tax Information

I recently called the Hillsborough County Property Appraisers Office to schedule a meeting with Rob Turner, our property appraiser.  As I was speaking to the lady on the phone she had mentioned that Amendments 3,4 and 6 would potentially have an effect on our property taxes.  Since I had not received my sample ballot in the mail yet, I decided to go on the Hillsborough County Supervisor of Elections website and read through the information.

Here’s what you need to know about potential property tax changes before you go to the polls November 4th, 2008!

Three of the six proposed constitutional amendments on Florida’s general election ballot deal, in some fashion, with property taxes.

They were proposed by the Florida Taxation and Budget Reform Commission. The commission, a board appointed under a constitutional mandate, had the authority to recommend comprehensive changes to the state’s tax policies.

NO. 3 CONSTITUTIONAL AMENDMENT ARTICLE VII, SECTIONS 3 AND 4 ARTICLE XII, NEW SECTION

Changes and Improvements Not Affecting the Assessed Value of Residential Real Property

Authorizes the Legislature, by general law, to prohibit consideration of changes or improvements to residential real property which increase resistance to wind damage and installation of renewable energy source devices as factors in assessing the property’s value for ad valorem taxation purposes. Effective upon adoption, repeals the existing renewable energy source device exemption no longer in effect.

 NO. 4 CONSTITUTIONAL AMENDMENT ARTICLE VII, SECTIONS 3 AND 4 ARTICLE XII, SECTION 28

Property Tax Exemption of Perpetually Conserved Land; Classification and Assessment of Land Used for Conservation

Requires Legislature to provide a property tax exemption for real property encumbered by perpetual conservation easements or other perpetual conservation protections, defined by general law. Requires Legislature to provide for classification and assessment of land used for conservation purposes, and not perpetually encumbered, solely on the basis of character or use. Subjects assessment benefit to conditions, limitations, and reasonable definitions established by general law. Applies to property taxes beginning in 2010. 

 TO CONTINUE FINANCING ENVIRONMENTAL LANDS ACQUISITION AND PROTECTION PROGRAM (ELAPP) TO PRESERVE ENVIRONMENTALLY SENSITIVE LANDS 

Shall Hillsborough County continue ELAPP to acquire and preserve environmentally sensitive lands which protect wildlife habitat, natural areas, drinking water sources, and water quality of rivers, lakes and bays, by issuing general obligation bonds, in one or more series, at interest rates not exceeding the legal maximum, maturing in not more than 30 years from issuance, not exceeding $200 Million aggregate principal amount, payable from ad valorem taxes, without limitation, to finance related capital projects?  

This is your opportunity to vote and make a difference!

If you found this information helpful, please pass it on to fellow homeowners.

Here’s the link http://tamparealestateinsider.wordpress.com/2008/10/20/property-tax-amendments-hillsborough-county/

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