News From Lori Ward - Glades Property Appraiser

MOORE HAVEN, FL. -- Lori Ward, CFA has notified Glades residents of the upcoming tax roll certification and of the Amendments on the Ballot this year affecting Homestead and Non-Homestead Property Exemptions.

TAX ROLL CERTIFICATION

The 2018 Glades County Tax Rolls have been certified to Gail Jones, Tax Collector, and she has asked that I let you know that your tax bills will be mailed on October 31st.

UNDERSTANDING AMENDMENTS 1 & 2

As your property appraiser, I want to be sure that you are informed of any legislation that could impact you and your property taxes. Amendments 1 and 2 will be on your November 6th, 2018 ballot. Below are some facts on both amendments.

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AMENDMENT 1: Homestead Exemption Increase

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 exempt 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.

* A “yes” vote supports exempting the portion of home values between $100,000 and $125,000 from property taxes other than school taxes, bringing the maximum homestead exemption up to $75,000.

* A “no” vote opposes exempting the portion of home values between $100,000 and $125,000 from property taxes other than school taxes, keeping the maximum homestead exemption at $50,000.

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AMENDMENT 2: Permanent Cap on Non-homestead Property Assessment Increases

Amendment 2 would make permanent the cap of 10 percent on annual non-homestead property assessment increases set to expire on January 1, 2019. The cap does not apply to school district taxes. Voters approved the cap in 2008, when 64% voted to pass Amendment 1.

Properties considered to be non-homestead are non-homestead residential property, such as second homes and rental apartments, and non-residential property, such as commercial property and vacant land.

* A “yes” vote supports this amendment to make permanent the cap of 10 percent on annual non-homestead property assessment increases set to expire on January 1, 2019.

* A “no” vote opposes this amendment to make permanent the cap of 10 percent on annual non-homestead property assessment increases set to expire on January 1, 2019.