November 2026 Elections

[Charles Hunter]

Can the cuts start in Diamond's district?

[Aristocles]

I have a question for Lakelander, or anyone else who knows about this subject: what do you think about special taxing districts as a way around Amendment 3's limitations for local governments to (I guess it would have to be indirectly) raise funds for desired projects like parks, roads, utilities, etc.? I would think a bunch of people who want something can vote to create a taxing district to raise funds for it. I'm not an expert though. I would raise Reedy Creek Improvement District as an example but that may be emotionally charged, lots of people hate Reedy Creek. But I think the idea's still sound. Anyone?

[Aristocles]

I think I found my answer. The districts are under the same rules as governments. So what will replace tax revenue is fees. Fees will be charged for people who want to build or use something new. Fees aren't limited by Amendment 3, unlike taxes. Get ready for the fees.

[Charles Hunter]

I saw this on Next Door, and am wondering about the accuracy of the assumptions.

The original post

AMENDMENT 3: MY OWN HOME AS AN EXAMPLE 🏡

I've owned my Jacksonville home since 2015.

Here's what the numbers look like:

- Estimated current market value (realtor): $325,000
- 2026 property-tax assessed value: $189,118
- Difference: $135,882

Under Amendment 3, my estimated annual property-tax savings would be:

- 2027: $1,103
- 2028: $1,541
- 2028 after a hypothetical additional $300 annual fee: $1,241

There was discussion where the OP said they assumed a $300 fee for various services.

This is one response

Something no one is talking about is the potential for the taxable value of your property to be reset to the market value before the new exemptions take effect. This is just speculation, and the Legislature will have to set the rules for County Property Appraisers on what is "just value" for purposes of this new law.
Note this language in the Referendum that just passed,
"(d) All persons entitled to a homestead exemption under Section 6 of this Article shall have their homestead assessed at just value as of January 1 of the year following the effective date of this amendment. This assessment shall change only as provided in this subsection. "
The "just value" is another term for "fair market value." In the example above, the just value, or taxable value before homestead exemption would jump from $189,113 to $325,000. Raising the taxable value in 2027 from $39,118 to $175,000, and in 2027 from zero to $75,000.

Do the numbers in the original post look reasonable?
Is the scenario in the response post reasonable?