State economists projected the amendment could trim Florida local government revenue by $11.8B annually in fiscal 2031-32, affecting non-school property taxes statewide.
The proposal would expand homeowner protections and tighten assessment limits for businesses, rental properties, and second homes, reshaping how non-school property taxes are calculated.
Projected City Revenue Losses
Tampa: $128.5M
Miami: $124.4M
Orlando: $100.1M
West Palm Beach: $52.5M
Tallahassee: $19.7M
Supporters said local governments can trim spending, but critics warned lower tax collections could mean higher fees, delayed projects, staffing cuts, or more state aid.
Voters need ~60% approval to pass the measure, and a judge will hear a ballot-language challenge on July 29 before the Mid-Q4 ballot.
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