Realtors move another $1.5 million into Amendment 4 pro-property tax campaign committeeby Dara Kam | September 24th, 2012
State and national Realtors associations pumped another $1.5 million into a campaign pushing a constitutional amendment limiting property taxes mainly for nonhomestead property owners, bringing to $3.5 million the groups have raised so far, according to campaign finance records.
The Florida Association of Realtors added another $1 million on Aug. 31 and the National Association of Realtors gave $500,000 on Sept. 5 to the “Taxpayers First” political committee, the records show. The Florida group had already dumped more than $2 million into the campaign, which includes a slick “Tax Your Assets Off” marketing blitz, urging a “yes” vote on Amendment 4.
Amendment 4 would save money for first-time home buyers, rental property owners and snowbirds, and it could cut taxes for homestead owners who lose value on their homes.
Local governments oppose the amendment, one of 11 put on the November ballot by the GOP-dominated legislature, which state economists say could cost schools, counties and cities about $1.7 billion over four years.
The Florida Association of Counties recently set up the “Citizens for Local Decision Making” political committee but haven’t reported any contributions yet, the campaign finance records show.