Resolution 04-1094F8;l d to � ss
RESOLUTION NO. 04-1094
A RESOLUTION OF TRIP CITY OF LONGWOOD,
FLOIODA, OPPOSING AN AMENDMENT TO THE
FLORIDA CONSTITUTION THAT WOULD RAISE
FLORIDA'S HOMESTEAD EXEMPTION TO
$50,000.
WHEREAS, Florida's propertytax connmes to be a ercovg source of revenue Cnr
mostlocal goverrwents; and
WHEREAS Florida currently hay a homestead axemptiov in wbch $25,M0 oev
be deducted from the assessed value A a primary residence, for the puryoses Apaying
property tax; and
WHEREAS, is 1992, Florida's voters approved the Save Om Homes amendment,
which limits the increase it, the assessed value of a pdi residence to no more than 3
percent a year or the amount of the consumer price Index (CPH, whidraver is less; end
WHEREAS, in 1998, Florida v s approved an aditi—1 cv oval
amendment Nat allows aides and w ro give an additiouai $25,000 homestead
exemption to low maome eenror mti—; and
WHEREAS, d1b. ere eurzently underway, by a goup called Families far Lowee
Property Taxes, to place an amendment on Ne November 2004 general election ballot
[hat would increase Florida's cuaem $25,000 homestead exemption to $50,000; vrd
WHEREAS, ifthis ameudment Is approved, the Cityof Longwood would sum r a
lose of approximately $500,000 and would be forced tv respond W this lass by redwing
vital city services to its citizens, or by raising other fees end texas to continue these vital
WAS, this amendment would have a Beater impact on Iocal governments
who are at or near the 10 mill cep for ad valorem taxes -I would not bo able to raise
their property taxes h, makeup far this loss in revrmve; and
WHEREAS, d- amendmeut negatively impacts nomhomesteaded residential
properties and c cial propert s Nat do n any homestead exemption,
because fey would face higher property taxes of the mbHp rate were to iverease; and
Resolution No. 04-I094
Page 2 of 2
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF LONGWOOD,
FLORIDA:
Section 1. That the City of Longwood opposes the Homestead Exemption
endmev and urges iH mtizens not t step petitions supporting its placement on the
November ballot
Section 2. That the City of Longwood urges voters to oppose this initivtive on the
November 9_,til election ballot
PASSED AND ADOPTED by the City of Longwood, this _day of
2004.
Haywood G. Bandy, Jr., Mayor
ATTLST:
Sarab AL Mijares, City Clerk
Approved as w forth and legality foc the use and relit— of the City of Longwood,
Florida, IG,
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