JACKSONVILLE, Fla. – The first of three proposed amendments to the Florida Constitution that the Florida Legislature voted to place on the ballot this November is an effort to help homeowners fight the effects of rising sea levels and climate change.
Amendment 1 would add language to the constitution that would prevent home improvements made to elevate all or parts of their homes to prevent or minimize flood damage from being added to the assessed value for purposes of property taxes.
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A 2021 Florida Senate staff analysis said the proposed constitutional amendment would reduce local government property-tax revenues by $5.8 million during the 2023-2024 fiscal year, with the amount growing to $25.1 million annually. The estimate was made after Florida property owners in the prior 20 years made more than 4.85 million flood-damage claims through the Federal Emergency Management Agency.
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