South Florida Dirt: Who stands to win from the property tax cuts? 

Florida voters were loud and clear, approving Amendment 3, a property tax referendum targeting residents during last week’s midterm elections.  The constitutional amendment, which secured 62 percent of the vote, takes effect next year. It will raise the $50,000 homestead exemption on primary homes to $150,000 in 2027, and $250,000 in 2028. Beyond that, the Florida Legislature will raise the exemption based on the consumer price index. The amendment also will cap annual assessment increases on non-homesteaded property, including commercial real estate, at 5 percent, down from the current cap of 10 percent. A few points to keep in mind: […]

This article originally appeared on The Real Deal. Click here to read the full story.