Floridians Assets Are Getting Taxed Off

A Florida Property Tax, Amendment 4 will appear on the November 6, 2012 state ballot in Florida as a legislatively-referred constitutional amendment.
The proposed amendment would prohibit increases in the assessed value of homestead property if the fair market value of the property decreases; reduces the limitation on annual assessment increases to non-homestead property; and provides an additional homestead exemption. Supporters of this amendment have ads out that claim Floridians are getting their assets taxed off.