2024 Florida Amendment 5 Explanation Of Benefits. Early voting, 2024 florida amendments: Florida amendment 5, the annual inflation adjustment for homestead property tax exemption value amendment, was on the ballot in florida as a legislatively referred constitutional.

Florida voters will get to decide in the november election whether to shield more of the value of their homes from property taxes under a proposed amendment to the florida constitution, but the measure might mean higher. A “yes” vote supports an annual inflation adjustment to the amount of assessed value that is exempt from property taxation.