CHANGES AND IMPROVEMENTS NOT AFFECTING THE ASSESSED VALUE OF RESIDENTIAL REAL PROPERTY

Reference:
ARTICLE VII, SECTIONS 3 AND 4; ARTICLE XII, NEW SECTION

Summary:
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Authorizes the Legislature, by general law, to prohibit consideration of changes or improvements to residential real property which increase resistance to wind damage and installation of renewable energy source devices as factors in assessing the property's value for ad valorem taxation purposes. Effective upon adoption, repeals the existing renewable energy source device exemption no longer in effect.

Sponsor:
Florida Taxation and Budget Reform Commission

Status: Passed
Made Ballot: 04/28/2008 
Ballot Number: 3  
Election Date: 11/04/2008 
 Votes For: 4,351,975   
 Votes Against: 2,839,825   




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