After two years of “tax elimination” talk, Amendment 3 is on the ballot in the November 3 election. If approved, it would increase the homestead exemption for non-school property taxes to $150,000 in 2027 and $250,000 in 2028 for qualifying homeowners, with possible annual inflation adjustments beginning in 2029.
While the amendment also contemplates savings for other property types by lowering the non-homestead assessment cap from 10% to 5%, the main benefit again goes to homesteaded property owners, many of whom already receive significant savings through exemptions, Save Our Homes and portability. The lower cap could also benefit some small business and seasonal property owners, but the amendment does not directly provide relief to renters,
who also contribute to our economy and feel the burden of rising costs.
Over the past five months, I have had an opportunity to talk to a lot of taxpayers as I crossed our county educating about the amendment and its impacts, good and bad. What I have come away with is a true sense of frustration on the part of taxpayers who are seeing their bills go up and up. But I have also come away convinced of something else: We need to engage with the process before frustration turns into a crisis. One amendment, whatever the outcome, cannot take the place of being involved in how our local tax rates are set.
Your taxes are the product of two things ― taxable value and the millage, or tax, rate. My office determines property values, generally based on comparable sales for homes; Florida law governs exemptions and assessment caps. The second part, the millage rate, is set by the numerous taxing districts that provide services to you. That rate can go UP and can go DOWN. It can also stay the same, which, when taxable values rise, can still mean an increase in taxes. As values rise, the rate needed to generate the same revenue should decrease. It is simple math.
And it is disclosed to you each year in August when my office mails you the TRIM, or Truth in Millage, notice. The notice can look daunting, but it contains proposed rates and information about the public budget hearings where rates are set. This is your chance to get involved.
I know what you are saying. I have heard it: Who is going to listen? But, leaders are there for you. I have the privilege of serving with many thoughtful city and county representatives who do care. They would like to know what your priorities are and what you would like them to cut in order to cut your taxes. They are trying to make budgets work and do the important things we have all come to expect. But they cannot do it unless they hear from you.
For example: Two years ago, I went to a Palm Beach County millage hearing. There were only two members of the public there; and one spoke about his horses. That is not good enough. We need to be a part of the solution.
During my 38-year career working for the people of Palm Beach County, I have seen many changes to the Florida property tax system: homestead exemptions, Save Our Homes, portability and other benefits for residents. Each changed how property is assessed or exempted for tax purposes, but none changed the sound appraisal principles used to establish value.
Do I think Amendment 3 is the answer? No.
But I understand why taxpayers are looking for relief.
Whether Amendment 3 passes or fails, I hope you will become more involved. When you get your tax bill in November, take a moment to look at the taxing authorities you pay. Look up their websites, review their budgets and think about 2027. Before you know it, tax rates will be set again, and your voice can make a difference.
Dorothy Jacks is the Palm Beach County Property Appraiser.
This article originally appeared on Palm Beach Post: Public engagement essential before the next 'Amendment 3' | Opinion
