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Amendment 1 would provide for a homestead exemption on the portion of home values between $100,000 and $125,000, meaning the $25,000 between $100,000 and $125,000 of a home's value would be exempted from property taxes other than school district taxes. As of 2018, Section 6(a) of Article VII of the Florida Constitution provides for a homestead exemption on the portion of home values between (a) $0 and $25,000 and (b) $50,000 and $75,000. If voters approve Amendment 1, the homestead exemption for a home valued at $200,000 would be $75,000. If voters reject Amendment 1, the homestead exemption for a home valued at $200,000 would remain at $50,000.
The City of Mary Esther currently has a total of 2,079 homesteaded properties. Out of the 2,079, only 437 (21%) properties would qualify for the additional $25,000 exemption. An additional 171 (8%) properties would qualify for a partial exemption (amount below the $25,000 exemption amount).
For more information, please refer to the resources below:
League of Women Voters of Florida Amendment 1 Explanation