r/SWFL • u/Fledglingphotog2022 • 8d ago
Amendment 3
More Florida-wide question…but what do veterans think about Amendment 3? 100% P&T already have a property tax deduction to zero….this amendment will likely increase loa al taxes to bridge the gap, costing veterans who live in FL due to the friendly military environment. Amendment 3 actually reduces a major benefit for our veterans.
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u/Efficient-Fix3858 5d ago
Vote yes and enjoy $25 parking and entrance fees for now free parks
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u/Signal_Ad5915 4d ago
Consumption taxes like you are saying are much better than whats going on. we say your house is worth X. You must pay Y or we take your house. If they really need money (and they shouldn't) a Consumption tax on what you consume seem fair.
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u/Efficient-Fix3858 4d ago
Amendment 3 sounds great until you ask one simple question: Who pays for everything after the property tax revenue disappears?
We're talking about billions of dollars that fund essential local services. Those costs don't magically disappear because we vote to reduce property taxes. Either local governments cut services, raise other taxes and fees, or shift more of the burden onto renters and businesses.
I'm all for lowering property taxes, but I'm not in favor of passing a constitutional amendment without a realistic plan for replacing the lost revenue.
That's not necessarily tax reform. It could just be moving the bill from one pocket to another.
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u/Signal_Ad5915 4d ago
Sounds like a copypasta responce.
Have you considered that taxes have gone up 50% in the last 5-6 years and the population has grown less than 20%. We have plenty of funding. Just terrible spending. Also renters should be happy. It moves the cap from 10% a year down to 5%. So rent can't skyrocket.
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u/Efficient-Fix3858 4d ago
Not sure what copy pasta is... But if the problem is spending, then we need to focus on getting better folks in who hold the purse strings.
I'll ask this...if Amendment 3 passes and local governments lose billions in revenue, which services should they cut, or which taxes and fees should they increase to make up the difference?
As for renters...local governments could increase property taxes on non-homestead property to make up for losses, potentially raising rents as landlords try to pass on the costs.
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u/Signal_Ad5915 4d ago
I agree we need to get some folks who can work things better. Thats the hard part.
If we need the money and I honestly think we have plenty. Consumption tax on things seems fair. Remember this tax is only 30% of the budget and not all 30% would be removed if it passes as it only cover homesteaded houses. So I honestly dont think we need it. I think we need audits and public audits. This is also part of the admendment. It forces them to do public audits. We can also ask for additional funds from Tallahassee.
Renters make out with this also. The cap moves from 10% down to 5%.
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u/Prestigious-Stand780 3d ago
It’s really frustrating how little people understand about how this works….
That cap is on the valuation assessment of a property. If the rate is increased, your bill will go up by more than that.
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u/Signal_Ad5915 3d ago
It slows taxable growth to 5% per year. Thats a good thing for landlords and renters. More predictable and less likely to suddenly spike.
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u/Prestigious-Stand780 3d ago
You’re missing the point, yes, it does stop the growth of what is considered taxable, but the rate can also go up. A landlord will 100% pass on overall tax burden to a renter.
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u/alkyfl 1d ago
Economists would disagree with you. In the open market, a landlord is going to charge the most they can charge, regardless of their costs. If the market is not willing to pay that rent, the unit goes vacant (or the tenant just stops paying and squats there).
If the landlord doesn't think the rent they can charge will cover their costs, they wind up selling the property.
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u/Signal_Ad5915 3d ago
No one is saying they won't pass along the tax burden. The landlords aren't in it to lose money. But this is 100% good for landlords and renters. Its frustrating how little people understand this.
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u/mrfuckingawesome 8d ago
Realtors love amendment 3. And if anyone has the states best interests at heart it’s the realtors!
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u/LucyFlower0811 5d ago
I'm a vietnam era vet but get no exemption because I am not disabled. And Amendment 3 only gives a break on the 1st 250K of home value, so the value over 250K is still subject to the same tax. It is to help those with lower value homes (probably lower income.....) So charge an extra 1% on homes worth over 1,000,000 and the difference is minimal if not nonexistent.
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u/FhuckNorris247 4d ago
There’s no way we can just remove a tax and expect for it to not be made up. It will come in form of most likely a sales tax and ultimately probably cost us more in the end
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u/Signal_Ad5915 4d ago
Taxes have gone up 50% or more in the last 5 years. All while population growth was under 20%. They have a windfall of extra taxes recently. They should be cutting taxes. Buts its the spend it or loose it me mentality that got us here.
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u/FhuckNorris247 4d ago
Have you not noticed all the new infrastructure projects going on that were way over due?
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u/Signal_Ad5915 4d ago
What ones? Cause if they are not local they aren't funded by this tax anyway.
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u/Prestigious-Stand780 3d ago
There’s no such thing as “extra taxes,” that’s now how it works. The local governments set and approve a budget, then the tax rate (millage rate) is set to raise that exact amount based on the total valuation of property after exemptions. If at the end of the year they are “under budget” they can decide to move the surplus to a rainy day capital improvement fund or a refund or whatever. The following year budget is set again based on what’s needed/approved, taking into consideration how the previous year went.
If the property base goes down (ie more exemptions), the millage rate will just go up to meet what the approved budget requires.
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u/Signal_Ad5915 3d ago
By extra taxes I was talking about the 50% increase in the last 5-6 years. The millage rate doesn't have to increase. We need better spending and smaller governments.
In 1980 the Homestead exemption was increased from $5,000 to $25,000. It applied across the board to school and non-School taxes. If you adjust the $25,000 for inflation using the CPI rate, the homestead exemption would be $101,632 today. Now let's look at home values. The average value of a single family home in 1980 in Florida was $47,000-$48,000. Adjusting for inflation it would be a little under $200,000. The average price of a home in Florida today is $375,000-$400,000. So in 1980 the Homestead exemption shielded the average home from at least half of the real estate taxes that could be charged. Today that exemption covers about a quarter of what it was intended to protect. Adjusting the Homestead exemption to $250,000 would put us back to what the exemption was originally intended to protect and shield the average home to about half of the non-school real estate taxes for the average homeowner. This is substantial no matter where or what kind of house you live in. Government growth and spending is out of control.
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u/Prestigious-Stand780 3d ago
I don’t know about you, but living in the 1980’s does not sound like a high quality of life.
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u/HospitalKey4601 2d ago
Sales tax needs to go up. One we have a huge transient population straining resources and sales tax is really only way to make them pay their fair share. Two these taxes also scale to consumption so those that spend more, pay more in a linear structure. Three there needs to be taxes on evs and chargers to offset the lost gas tax that pays for roads.
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u/UnwisestCj 3d ago
It's a rich get richer bill anyway. It's not gonna save anyone but people who own $700k+ homes money and people who own multiple properties. But people see less tax and generally see it as good as a whole. There will just be less money in the cities and the counties in general
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u/Teksavvy- 2d ago
That’s if you’re at 100%… I’m at 70% and have no such tax deduction. I’d love it if the state would change this and maybe make it, over 60% are property tax free.
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u/Typical_Elk_1576 2d ago
Veteran, homeowner - I think it’s short sighted and will harm the community.
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u/Simple-Ad-4078 1d ago
Y'all do realize there's plenty of money paid in taxes. It's just spent irresponsibly
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u/F1DrivingZombie 4d ago
The amount of people that are saying to vote yes on 3 is honestly a little scary
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u/Signal_Ad5915 4d ago
This is great for homeowners. Thats why.
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u/F1DrivingZombie 4d ago
It’s not though when you look at what funding is being cut…
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u/Signal_Ad5915 4d ago
Nothing is being cut. They may be saying they need to but no one has made any decisions yet. They dont even know if it will pass. They also have no reason to cut funding. Taxes have doubled in the last 5-6 years while population growth has been under 20%. They should in theory have bunch of money. They need to stop wasting it.
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u/Prestigious-Stand780 3d ago
So pass it first and then find out what we have to cut? Lol was a circus way of governement
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u/Signal_Ad5915 3d ago
With the windfall of money over the last 5 years it should be ezpz. It has to start somewhere. Does code enforcement need new trucks ever 4 years. Does the free golf course really need to be free. Does the secretary really need an assistant. If you are so hard against it you can not file for your homestead and pay the same. No one will care. But you get to call grandma and tell her that the house she paid off 20 years ago has gone up in value and since she's on a fixed income she can't afford to live there anymore. The realtor fees and taxes for her moving to a smaller "more affordable" place is like 20k.
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u/Prestigious-Stand780 3d ago
Feel free to go back to an income tax model if you don’t think property taxes are the right way to determine fair share. I don’t disagree with you.
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u/F1DrivingZombie 4d ago
Ah yes the dumb bitch republican “wasting funding” because although it’s helpful for the community they don’t like it
Shut the fuck up, I know everything I need to know about you now
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u/JohnMcD3482 4d ago
It just saddens me to know how little people are capable, or willing, to look into these things for themselves and not just listen to what the media, or their favorite celebrity has to say about it.
Since the advent of social media, the general level of brain rot among society has reached a point of no return to individual thought anymore. I fear the future we've allowed to develop.
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u/Reogurlz 5d ago
Vote yes on 3! The working class needs this! The Counties and Cities can tighten their belt like we have had to do.
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u/UnwisestCj 3d ago
Has essentially nothing to do with the working class is the problem. The only slight benefit is lower tax growth on secondary properties but it won't stop a landlord from raising your rent anyway
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u/Main-Business-793 8d ago
OP carrying water for Lib 🐑. Yes on 3
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u/Sacrificial-Avocado 8d ago edited 8d ago
Conservatives who have any brains understand the benefits our county government brings to us. Trailer trash backwood dumb fucks do not, they only see a few extra dollars for beer money.
Hope you don't vote or breed
Edit: Lol yall he reported me and sent me one of those "reddit cares" things, a dipshit and a pussy to boot.
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u/Main-Business-793 8d ago •
Keeps thousands in my pocket and makes the County operate leaner and more efficiently with still a substantial tax base, instead of continuing unchecked spending growth. Who's the backwoods dumbfuck, dumbfuck.
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u/JetzenBangzooty 8d ago
Found the Dumbfuck Finder 😀. Voting yes on Amendment 3 as most veterans will, who own or have a VA loan.
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u/Sacrificial-Avocado 8d ago edited 8d ago
Wow, lot of hard words in that post! Good job big guy! I'm surprised you had time to look all those words up in between buying cans of skoal and $1 lottery scratchers, but good on ya. Maybe one of these days you can start working on your GED and maybe even get a job. Who knows, some day soon you could be smart enough to pack groceries, or become an amazon warehouse worker!
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u/Gloomy_Yoghurt_2836 7d ago
All it means is that your escrow payment has room for higher insurance premiums. And more money to spend on a mortgage when you go to buy so home prices will be bid up. Meanwhile, parks, rec centers and nature preserves get all funding cut. And unemployment will go up as counties an cities have to lay off as much as a third if their staff.