Skip to main content
Clear icon
62º

Florida Amendment 5: Limit on Homestead Exemption

Vote 2020 mobile banner

Ballot language: “Proposing an amendment to the State Constitution, effective Jan. 1, 2021, to increase, from two years to three years, the period of time during which accrued Save-Our-Homes benefits may be transferred from a prior homestead to a new homestead.”

Background and details on Amendment 5

Recommended Videos



| A YES vote would:|A NO vote would:
– Help homeowners who sell their home late in the year by allowing more time to transfer their SOH benefit to a new home
– Reduce property tax revenue available for funding local schools and other services like police, fire and infrastructure
– Limit the ability of local governments to control their budgets based on their county needs.
– Add tax law to the Florida Constitution making it difficult to alter in response to changing or emergency economic conditions
– Maintain the current Save Our Homes exemption two-year portability period which begins Jan 1 of each calendar year, effectively reducing the amount of time (to as little as one year and a few days) that late-year home sellers have to buy a new home and transfer their SOH discount
– Not impact current level of property tax revenues available for funding local schools and other services like police, fire and infrastructure**
– Leave property tax law out of Florida’s Constitution, more fully preserving local governments’ control over county budgets and their ability to efficiently respond to current and future community needs

Recommended Videos