Taxes

The ballot measure, known as Amendment 3, proposes sweeping changes to Florida’s property tax system and is seen to be one of the most key issues on this year’s ballot.

A Nov. 3 Florida ballot amendment proposing the increase of property tax homestead exemptions stands to significantly reduce the library’s funding.

The proposed constitutional amendment (HJR 1F) would increase the current $50,000 homestead exemption to $150,000 next year and $250,000 the following year.