| 1 | Representative(s) Gelber offered the following: |
| 2 |
|
| 3 | Amendment to Amendment (749169) (with directory, schedule, |
| 4 | ballot, and title amendments) |
| 5 | Remove line(s) 358-384 |
| 6 |
|
| 7 |
|
| 8 | ----------------------------------------------------- |
| 9 | D I R E C T O R Y A M E N D M E N T |
| 10 | Remove line(s) 5 and insert: |
| 11 | That the following amendments to Sections 3, 4, and 6 of |
| 12 |
|
| 13 | ----------------------------------------------------- |
| 14 | S C H E D U L E A M E N D M E N T |
| 15 | Remove line(s) 486-498 and insert: |
| 16 | limitations.--The amendments to Sections 3, 4, and 6 of Article |
| 17 | VII providing a $25,000 exemption for tangible personal |
| 18 | property, providing an additional alternative homestead |
| 19 | exemption, authorizing transfer of the cumulative benefit from |
| 20 | the limitations on the assessment of homestead property, |
| 21 | creating a limitation on annual assessment increases for |
| 22 | specified real property, providing for an additional alternative |
| 23 | homestead exemption for low-income seniors, and providing for |
| 24 | assessing rent-restricted affordable housing and commercial and |
| 25 | public-access waterfront property pursuant to general law, and |
| 26 | the creation of Section 27 of this Article providing |
| 27 |
|
| 28 | ----------------------------------------------------- |
| 29 | B A L L O T A M E N D M E N T |
| 30 | Remove line(s) 511-581 and insert: |
| 31 | ARTICLE VII, SECTIONS 3, 4, and 6 |
| 32 | ARTICLE VIII, SECTION 1 |
| 33 | ARTICLE XII, SECTIONS 27 AND 28 |
| 34 | PROPERTY TAX EXEMPTIONS; LIMITATIONS ON AD VALOREM TAX |
| 35 | INCREASES; ELECTED PROPERTY APPRAISERS.--This revision proposes |
| 36 | changes to the State Constitution relating to ad valorem |
| 37 | taxation and elected property appraisers. With respect to |
| 38 | homestead property, this revision: (1) provides for an |
| 39 | additional alternative homestead exemption for most homeowners, |
| 40 | (2) provides for an additional alternative homestead exemption |
| 41 | for low-income seniors, and (3) provides for the transfer of |
| 42 | Save-Our-Homes benefits that are not related to school district |
| 43 | levies. With respect to nonhomestead property, this revision |
| 44 | allows the Legislature to provide by law for the assessment of |
| 45 | (4) affordable housing and (5) certain waterfront property under |
| 46 | specific circumstances, (6) provides a $25,000 exemption for |
| 47 | tangible personal property, and (7) provides for limitations on |
| 48 | assessment increases for real property that is not homestead |
| 49 | property. Further, this revision (8) requires all county |
| 50 | property appraisers or persons responsible for the duties of a |
| 51 | property appraiser in certain counties in which the office of |
| 52 | property appraiser has been abolished to be elected. |
| 53 | In more detail, this revision: |
| 54 | (1) Provides for an additional homestead exemption equal |
| 55 | to 40 percent of the median just value of homestead property in |
| 56 | the county for the prior year for the portion of the assessed |
| 57 | value greater than $50,000. This exemption applies in any year |
| 58 | in which the amount of the exemption exceeds the amount of the |
| 59 | cumulative assessment limitation provided under Save Our Homes. |
| 60 | This exemption does not apply to school district levies. |
| 61 | (2) Provides for an additional homestead exemption for |
| 62 | certain low-income seniors. Persons 65 or older whose household |
| 63 | income is less than $23,604, adjusted annually for inflation, |
| 64 | are entitled to an additional alternative homestead exemption. |
| 65 | This exemption applies in any year in which the amount of the |
| 66 | exemption exceeds the amount of the cumulative assessment |
| 67 | limitation provided under Save Our Homes. This exemption does |
| 68 | not apply to school district levies. |
| 69 | (3) Provides for the transfer of cumulative Save-Our-Homes |
| 70 | benefits in a manner that does not affect school district |
| 71 | levies. Homestead property owners will be able to transfer their |
| 72 | Save-Our-Homes benefit to a new homestead within 2 years after |
| 73 | relinquishing their previous homestead; except, if the new |
| 74 | homestead is established on January 1, 2008, the previous |
| 75 | homestead must have been relinquished in 2007. If the new |
| 76 | homestead has a higher just value than the old one, the benefit |
| 77 | can be transferred; if the new homestead has a lower just value, |
| 78 | the amount of benefit transferred will be reduced in proportion |
| 79 | of the just value of the new homestead to the just value of the |
| 80 | old homestead. The transferred benefit may not exceed $1 |
| 81 | million. This provision does not apply to school district levies |
| 82 | on the new homestead. |
| 83 | (4) Provides for assessing certain rent-restricted |
| 84 | affordable housing property as provided by general law. This |
| 85 | provision does not apply to school district levies. |
| 86 | (5) Provides for assessing certain waterfront property |
| 87 | used for commercial fishing, commercial water-dependent |
| 88 | activities, and public access as provided by general law. This |
| 89 | provision does not apply to school district levies. |
| 90 | (6) Authorizes an exemption from ad valorem taxes of |
| 91 | $25,000 of assessed value of tangible personal property. This |
| 92 | provision applies to all tax levies. |
| 93 | (7) Creates a limitation on assessment increases for |
| 94 | specified real property that is not entitled to the homestead |
| 95 | exemption. |
| 96 | (8) Requires each county to elect a property appraiser or |
| 97 |
|
| 98 | ----------------------------------------------------- |
| 99 | T I T L E A M E N D M E N T |
| 100 | Remove line(s) 622-624 and insert: |
| 101 | homestead exemption for low-income seniors, to |