Bill Increasing Homestead Tax Exemption Up Next Week
On Tuesday, HJR 7017 (Buchanan) will be heard in its second and final committee of reference, the House State Affairs Committee at 10:00 am. The bill would apply an annual increase in exemption values by the Consumer Price Index percentages. HJR 7017 is a constitutional amendment and would require the approval of the Florida Legislature and the voters of Florida.
The League is opposed. HJR 7017 will have a recurring and increasingly detrimental impact on local governments, year over year, putting essential services at risk.
This bill needs guardrails (like the Save Our Homes Assessment Limitation already in place) to prevent cities from having to choose between providing less services or raising taxes. This is not a tax break, this is a tax shift hurting renters and businesses.
Please educate your lawmaker as to the impact this bill will have on your community. We recommend working with your city manager and finance director to use your local data to paint this picture. (Chapman)
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