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Limits ad valorem taxes to 1.25% of the taxable value of real property
07-18

Reference:
Article VII, Section 4, Paragraph (f)

Summary:
  View Full Text (pdf)
Provides a 1.25% limit on the total of all ad valorem taxes levied against any real property in a given year. Limit applies to the property value that remains after reductions from assessed value for constitutional and statutory exemptions. Revenue reductions for the various taxing authorities caused by the cap will be as prescribed by general law. This amendment supersedes all constitutional provisions that exist on its effective date.

Sponsor:
Cut Property Taxes Now, Inc.
610 South Boulevard, Suite 100
Tampa, FL 33606-0000
(850) 907-1267
  Contact: Lee Sullivan, Chairperson
433 Oak Avenue
Panama City Beach, FL 32401-0000

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Status: Withdrawn
Approval Date: 10/09/2007 
Undue Burden:  
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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