PROPERTY TAX EXEMPTION OF PERPETUALLY CONSERVED LAND; CLASSIFICATION AND ASSESSMENT OF LAND USED FOR CONSERVATION

Reference:
ARTICLE VII, SECTIONS 3 AND 4; ARTICLE XII, SECTION 28

Summary:
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Requires Legislature to provide a property tax exemption for real property encumbered by perpetual conservation easements or other perpetual conservation protections, defined by general law. Requires Legislature to provide for classification and assessment of land used for conservation purposes, and not perpetually encumbered, solely on the basis of character or use. Subjects assessment benefit to conditions, limitations, and reasonable definitions established by general law. Applies to property taxes beginning in 2010.

Sponsor:
Florida Taxation and Budget Reform Commission

Status: Passed
Made Ballot: 04/28/2008 
Ballot Number: 4  
Election Date: 11/04/2008 
 Votes For: 4,875,162   
 Votes Against: 2,235,969   




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