R-1079-04 RESOLUTION NO. 1079-04
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES,
FLORIDA, OPPOSING AN AMENDMENT TO THE FLORIDA CONSTITUTION
THAT WOULD RAISE FLORIDA'S HOMESTEAD EXEMPTION TO $50,000.
WHEREAS, Florida's property tax continues to be a strong source of revenue for most local
governments; and
WHEREAS, Florida currently has a homestead exemption in which $25,000 can be deducted from the
assessed value of a primary residence, for the purposes of paying property tax; and
WHEREAS, in 1992, Florida's voters approved the Save Our Homes amendment, which limits the
increase in the assessed value of a primary residence to no more than 3 percent a year or the amount of the
consumer price index(CPI), whichever is less; and
WHEREAS, efforts are currently underway, by a group called Families for Lower Property Taxes, to
place an amendment on the November 2004 general election ballot that would increase Florida's current
$25,000 homestead exemption to $50,000; and
WHEREAS, if this amendment is approved, Miami Shores Village would suffer a loss of approximately
$615,000, and would be forced to respond to this loss by reducing vital Village services to our residents, or by
raising other fees and taxes to continue these vital services; and
WHEREAS, this amendment would have a greater impact on local governments who are at or near the
10 mill cap for ad valorem taxes and would not be able to raise their property taxes to make up for this loss in
revenue; and
WHEREAS, this amendment negatively impacts non-homesteaded residential properties and commercial
properties that do not receive any homestead exemption, because they would face higher property taxes if the
millage rate were to increase;
NOW,THEREFORE, BE IT RESOLVED BY THE MIAMI SHORE VILLAGE COUNCIL that
SECTION 1. That Miami Shores Village opposes the Homestead Exemption amendment and urges
our residents not to sign petitions supporting its placement on the ballot.
SECTION 2. That Miami Shores Village urges voters to oppose this initiative on the ballot.
PASSSED AND ADOPTED ON THIS 2r DAY OF JULY 2004.
ATTEST:
1�• - ���✓! � Jim M Coy, May
Barbara A. Estep, CMC
Village Clerk
APPROVED AS TO FORM:
Richard Sarafan, Village Attome