April 26, 2017 | originally posted on Palm Beach Poast by Wayne Washington
Meanwhile, Florida voters next year definitely will decide whether to extend a tax cap on the values of non-homestead properties. The Senate on Wednesday unanimously approved a proposed constitutional amendment (HJR 21) that was passed last month by the House. The measure will go on the November 2018 ballot.
Voters in 2008 approved a constitutional change that placed a 10 percent cap on annual increases in assessed values of non-homestead properties. The limit will expire Jan. 1, 2019, unless it is extended by voters. Senate sponsor Tom Lee, R-Thonotosassa, said failure to extend the cap would effectively lead to a $688 million tax increase.