POLISCOPE
Amendment 5 · Florida statewide

Annual Inflation Adjustment for Homestead Tax Exemption Value

November 5, 2024Passed60% needed to pass

Sponsor: Florida Legislature

Reported result
Yes 66.2%No 33.8%32.4-point margin

The marker is the 60% share this measure needed to pass.

In plain English

This amendment requires Florida to annually adjust the value of homestead tax exemptions for non-school property taxes based on inflation, rather than keeping exemption values fixed. The adjustment mechanism ties exemption values to a inflation index, affecting homeowners who claim homestead exemptions on their primary residences and reducing non-school tax bills accordingly over time.

Arguments for and against

Attributed claims extracted from the public record. Neither side is endorsed here.

Supporters

Supporters argue that inflation erodes the purchasing power and intended value of homestead exemptions over time, and that annual adjustments ensure the exemption maintains its original benefit to homeowners without requiring repeated constitutional amendments or legislative action.

Opponents

Opponents argue that automatically increasing exemption values reduces tax revenue available to local governments and schools for essential services, and that the measure locks in tax relief for homeowners while shifting the tax burden to renters and businesses.

Voter considerations

The measure required 60% voter approval to pass and succeeded with 66.2% support; it modifies a constitutional provision governing a property tax exemption that currently applies to most Florida homeowners claiming homestead status.

Who's behind this measure?

Public positions and campaign money—not a recommendation for how to vote.

Supporting groups and campaigns

Groups taking a position
Campaign money

Committee totals have not been collected. This does not mean $0.

Opposing groups and campaigns

Groups taking a position
Campaign money

Committee totals have not been collected. This does not mean $0.

Dated snapshots, not live totals. Missing amounts are not zero. Committees are shown separately.

About sources & coverage

Group positions come from the linked sources. Secondary reporting and first-party statements are distinct from official filings. Committee-wide totals may fund other measures; they are not allocations to this measure. Donor amounts are already part of receipts; neither donors nor overlapping snapshots are added together.

Groups as listed by Ballotpedia (secondary reporting), retrieved 2026-10-28: campaigns, parties, unions and organizations; elected officials and candidates omitted. Additional groups quoted from my.lwv.org.

No verified ballot-measure committee finance (Yes/No committees) on file for this measure yet. This is a gap in our records, not a $0 total.

Official ballot summary

Proposing an amendment to the State Constitution to require an annual adjustment for inflation to the value of current or future homestead exemptions that apply solely to non-school taxes and that require the property to be the owner's permanent residence.

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