 Changes in Property Tax Progressivity for Florida Homeowners after the “Save Our Homes Amendment”Marcus Allen and William Dare Journal of Real Estate Research, 2009, vol. 31, issue 1, 81-92 Abstract: The “Save Our Homes Amendment” (SOHA) to Florida’s constitution limits annual increases in the taxable value of a homestead property to 3% or the rate of inflation (whichever is less) as long as the property is owned by the same owner. The amount of property value protected from taxation throughout the state by this amendment has grown to over $246 billion (13.9% of total property value) since the amendment’s implementation in 1995. This study tests whether the protection has accrued disproportionately over time among homestead property owners, the very group of people the amendment was intended to protect. The results suggest that the amendment has reduced the degree of progressivity in the state’s property tax system such that the owners of lower value home properties are shouldering an increasing proportion of the property tax burden relative to the owners of higher value homestead properties. The differential impacts of the SOHA across value ranges of homestead properties are likely attributable to differential appreciation and ownership transfers for higher and lower value homestead properties throughout the state. Date: 2009 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:rjerxx:v:31:y:2009:i:1:p:81-92 Ordering information: This journal article can be ordered from DOI: 10.1080/10835547.2009.12091232 Access Statistics for this article Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler More articles in Journal of Real Estate Research from Taylor & Francis Journals |
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