Now that the property tax Amendment 1 has passed, it was inevitable that a lawsuit regarding its constitutionality would ensue. I think most people knew it would be coming. Governor Charlie Crist stated repeatedly that if passed the amendment's constitutionality would be upheld by the courts. I guess now we will just wait and see what happens. I mentioned that this might happen in my previous analysis of the amendment.
The attorneys filing this lawsuit are the same ones who filed a similar suit in 2007 challenging the original Save Our Homes amendment. Their previous lawsuit was thrown out of court.
I think there is a good chance that this new lawsuit will be successful in killing Save Our Homes portability. If that does happen, the legislature will have no choice but to go back to the drawing board and try again to pass some real tax reform.
Here is an Orlando Sentinel story that goes into more depth on this lawsuit.
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Rob Arnold, ABR, CPL, CRB, GRI, Managing real estate broker, Licensed mortgage broker, Notary Public
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Rob:
Good series on property taxes in Florida. You have excellent information and thanks for keeping everyone up to date on this very important topic for Florida property owners.