Florida Amendment 5 2024 Update. 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. Florida amendment 5, the annual inflation adjustment for homestead property tax exemption value amendment, is on the ballot in florida as a legislatively referred constitutional amendment on november 5, 2024.
The proposed amendments to florida’s constitution will need at. In florida now, homeowners are permitted to reduce by $50,000 the assessed.