The Florida Association of Realtors has poured another $500,000 into a campaign to pass a constitutional amendment to further limit property taxes, bringing its overall total to about $3.5 million, campaign-finance records via the News Service of Florida show.
The association contributed the additional money last month to “Taxpayers First,” a group backing Amendment 4 on the November ballot. Amendment 4 would prevent property assessments from going up when the value of property goes down, an issue related to the state’s Save Our Homes law. Also, it would reduce from 10 percent to 5 percent the cap on annual assessment increases on non-homesteaded properties, such as vacation homes.
