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Homestead Exemptions shall be indexed, removed from Flood V Zones and Save our Homes repealed
07-04

Reference:
ARTICLE VII FINANCE AND TAXATION, SECTION 4, SECTION 6

Summary:
  View Full Text (pdf)
Beginning in 2007, or the year after the property tax exemption was enacted, homestead shall be indexed. "Save our Homes" assessment cap shall be phased out over 10 years. Residual "SOH" cap shall be fully portable only during phase out period. Flood V Zones property shall not be available for property tax homestead exemptions. Properties in Flood A Zones shall have annual exemption increases limited by 1/2 index.

Sponsor:
Hurricane Insurance Creation
4953 Bacopa Lane South
#404A
Saint Petersburg, FL 33715-2619
(727) 865-0502
  Contact: John Jeffrey Lane, Chairperson

Signatures:
Statewide total needed for judicial and financial impact review (signed by 25% of voters required by s. 3, Art. XI of the State Constitution in one-half of the congressional districts): 61,113 
Statewide total needed to make ballot position (signed by 8% of the voters in at least one-half of Florida's congressional districts and in the state as whole as of the last presidential election): 611,009 
Statewide total currently valid: 0*
Congressional district totals needed for judicial and economic reviews and ballot placement, with currently valid signatures: View by District by County
*Statewide and congressional district totals for ballot position are NOT OFFICAL until the Secretary of State determines the requisite signatures have been obtained and issues a certificate of ballot position. Once an initiative petition is certified for ballot position, total currently valid may exceed the official totals at time of certification. For status on ballot position, see Status Table below.
 
To find out the signature threshold required in each Congressional District for review and ballot position, the current number of verified signatures in each Congressional District by county, and how many Congressional Districts may have met or exceeded signature thresholds, click the link above titled "View by District by County".

Status: Closed
Approval Date: 06/11/2007 
Undue Burden: 01/24/2007 
Made Review:  
Attorney General:  
Sent to Supreme Court:  
Supreme Court Ruling:  
SC Ruling Date:  
Made Ballot:  
Ballot Number: 0  
Election Year: 2008 




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