Does the Amendment correct or alleviate the Property Tax Crisis in Florida?
Absolutely Not!. While the amendment provides a little bit of immediate relief (about $200 savings for the average homesteaded home), and allows the portability of savings, it does not resolve the inequalities of the system. Further, and most importantly, it fails to address the real problem that prompted this crisis: Runaway spending by Counties and Municipalities. The amendment does nothing to prevent or correct the fiscal profligacy and financial waste inflicted on the taxpayers by many public officials. See my Florida’s Perfect Storm post. This amendment merely delays the inevitable “time of reckoning” decision.
