Amendment 3 proposes changes to Florida’s constitutional property-tax provisions, including increases to specified homestead exemptions, a reduction in the assessment-growth limitation for specified non-homestead property from 10 percent to 5 percent, and limitations on the use of county and municipal ad valorem revenues.
The amendment specifically identifies road and bridge construction and maintenance and stormwater control as infrastructure expenditures for which county and municipal ad valorem revenue may be used.
FACERS supports a NO vote on Amendment 3 because of concerns that substantial reductions in recurring local ad valorem revenue could constrain the long-term planning, maintenance and delivery of county and municipal roads, bridges, stormwater systems and other critical infrastructure.
FACERS has developed an Educational Statement and Technical Fact Sheet to provide an overview of Amendment 3 and examine its potential implications for critical infrastructure across counties and municipalities.
Why the Property Tax Amendment Matters to the Business Community
As one of FAC’s valued sponsors and exhibitors, you’ve been an important partner in helping Florida’s counties serve their communities. Today, we’re asking you to consider supporting the campaign against Amendment 3.
While the debate has largely focused on local governments, the reality is that this amendment will have a direct impact on Florida’s business community as well.
Across the state, counties are already delaying or reconsidering capital projects and other long-term investments because of the uncertainty surrounding Amendment 3. Every delayed road project, courthouse renovation, broadband expansion, park improvement, technology implementation, or public safety investment is work that doesn’t move forward—and that affects the companies that help deliver those services.
If the Property Tax Amendment (Amendment 3) passes, many economists and policy experts expect the result will be a significant shift of taxes onto businesses, renters, and other property owners as communities work to maintain the services residents expect. Recent coverage and commentary in The Wall Street Journal has highlighted both the growing uncertainty surrounding the proposal and its potential economic consequences.
This isn’t just a county/municipal issue—it’s a business issue.
If you believe Florida needs strong communities, reliable infrastructure, and a stable business climate, we encourage you to support the campaign against Amendment 3.
To learn more about making a contribution, please click below or contact FAC’s Deputy Executive Director Cragin Mosteller.
Thank you for your continued partnership and for all you do to help Florida’s communities.