New Amendment 4 Florida
There is a new amendment about to be voted in the State of Florida and even though it has the same number as a former amendment that Fort Lauderdale Realtors fought hard to defeat this time Amendment 4 is a win and a Yes Vote for Florida.
Recapture of Real Estate Taxes
Amendment 4 addresses numerous important issues for all Florida property owners. The first is an item called “recapture” basically it is part of the tax law in Florida where even though “homestead” has kept your property taxes down by capping values at 3% per year. As property values dropped often taxes went up as unrealized prior gain from the cap periods are “recaptured”. Amendment 4 will eliminate “recapture”. Fort Lauderdale Home for Sale
