Tag Archives: constitutional amendments

Multistate Tax Update — March 24, 2016

Three joint resolutions addressing ad valorem tax exemptions, put forward by three different committees, have made their way through Florida’s legislature and were filed with the secretary of state this month.

The bill analyses for all three resolutions explain Florida’s annual ad valorem tax as one levied by counties, cities, school districts, and some special districts based on the value of real and tangible personal property as of January 1 of each year. The Florida Constitution reserves ad valorem taxation to local governments, and prohibits the state from levying ad valorem taxes on real and tangible personal property.

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