Amendment 5 Florida 2024 Amendment 5 Amendment. 5, 2024, to cast their ballots. Amendment 5, placed on the ballot by florida lawmakers, would in most years increase the value of a tax break known as the homestead property tax exemption by.
This means property taxes for the home you live in would go down if voters approve this amendment. This year, the florida legislature proposed an amendment to the state constitution that could change the way municipalities collect property taxes.