Counties, cities launch anti-Amend 4 campaignby Dara Kam | September 27th, 2012
Florida cities and counties have launched a “Tax Breaks 4 Snowbirds” campaign in opposition to Amendment 4, a proposed constitutional amendment with a smorgasbord of property tax breaks pushed by Realtors.
The Florida League of Cities and the Florida Association of Counties are fighting back against the Realtors, who’ve dumped more than $3.5 million into a campaign pushing the amendment that includes a cheeky “Tax Your Assets Off” marketing blitz.
“Amendment 4 is a wolf in sheep’s clothing,” Leon County Commissioner Bryan Desloge, president of the FAC, said in a press release announcing the new campaign.
State economists predict the measure will cost more than $1.7 billion over four years. The loss in tax revenue will be shifted to local governments and long-time property owners, who already benefit from the state’s Save Our Homes cap but won’t gain from the new proposal, the counties and cities say.
But Realtors and other supporters of the amendment put on the ballot by the legislature say it will boost Florida’s real estate market. They say the state economists didn’t take into consideration the potential positive impact real estate sales the measure could bring.