USA TODAY NETWORK—FLORIDA Published 1:33 PM EST Nov 7, 2018 With 99.5 percent of precincts reporting, all but one Constitutional amendment passed, most with overwhelming support. Amendments needed 60 percent approval to be passed. More: Florida and Collier winners in the Nov. 6 midterm election Latest election results: General (Nov. 6, 2018) And: Our live coverage of the midterm election in Collier County Amendment 1: Failed This amendment raises the homestead property tax exemption by $25,000 for homes worth more than $100,000. That would exempt the value between $100,000 and $125,000 of a home that serves as the owner’s primary residence. Currently, there are two other homestead exemptions: for the first $25,000 of the assessed property value and for the value between $50,000 and $75,000. Failed No: 42 percent Yes: 58 percent Who supported it: Republicans in the state Legislature, who put the measure on the ballot because it would lower taxes for almost 60 percent of homesteaded properties. Who opposed it: Groups that advocate for local governments such as the Florida Association of Counties. Cities, counties and special districts across the state would lose an estimated $752.7 million in their budgets in the first year (school districts would not be impacted). The association claims the measure could force local governments to increase tax rates and commercial and non-homesteaded properties might pay… Read full this story
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