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Abigail Hall, Professor of Economics, University of Tampa

Florida’s proposed property tax amendment will require trade-offs – and some residents could end up with higher costs

Florida voters will decide on a major property tax amendment this November. JJ Gouin/iStock via Getty Images Plus

Between inflation, rising car and property insurance premiums and the costs of contending with extreme weather, many Florida homeowners are feeling financially squeezed.

While the ballot box can’t change the risk of floods or hurricanes, a constitutional amendment on the November ballot could reduce homeowners’ costs in the form of lower property taxes. Sixty percent of voters must approve the amendment in order for it to become part of the Florida Constitution.

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