<body><div>On November 4th, Florida voters approved Amendment 3 with the required 60% supermajority. The homestead exemption will begin rising on January 1, 2027, and the constitutional framework for full property tax elimination on primary residences is now in place.The Miramar Pembroke Pines Regional Chamber of Commerce formally opposed this amendment, and we stand by the reasoning behind that position. We still believe that eliminating a primary revenue source for local governments without a concurrent plan for replacing it creates serious risk for the businesses and communities we serve. The voters made their choice, and we respect that. Our job now is to be useful in what comes next for your business.What We Said Would HappenWe were straightforward with our members throughout this process. When large amounts of local government revenue disappear, something has to give. That could look like cuts to services, higher fees for permits and licensing, increases in non-ad valorem assessments that fall outside voter approval thresholds, higher commercial property tax millage rates, or pressure on the state legislature to broaden the sales tax base. These outcomes were not speculation. In fact, they were identified by the Florida Association of Counties, the Florida Chamber of Commerce, the Tax Foundation, the Florida Policy Institute, and many more. The revenue gap is real, and local governments will have to respond to it.We want our members to know that we saw this coming, and that we will not be caught off guard by what follows.What We Will Be WatchingAs the amendment takes effect and local governments begin adjusting their budgets, the chamber will be actively monitoring several areas on behalf of our members:<ul><li>Millage rate changes on commercial and non-homestead properties. Cities and counties that need to recover lost homestead revenue have the authority to raise millage rates. Commercial properties, rental properties, and businesses that own their space do not benefit from the homestead exemption and will bear any millage rate increases directly.</li><li>Non-ad valorem assessments. Unlike traditional property taxes, special assessments for services like stormwater, solid waste, fire, and road maintenance are not subject to the same voter approval requirements. Local governments facing revenue shortfalls may shift toward these assessments as a workaround. Businesses can be hit by these charges regardless of property type, and they are not capped the way traditional tax increases are.</li><li>Permitting, licensing, and municipal fee schedules. When staffing budgets are cut, turnaround times on commercial permits and inspections slow down. When municipalities look for revenue-neutral ways to maintain services, fee schedules tend to rise. We will track fee changes across Miramar, Pembroke Pines, Weston, and Pembroke Park and report what we find.</li><li>Sales tax legislation at the state level. The most likely large-scale revenue replacement mechanism available to Florida is a broader or higher sales tax. Any proposed legislation in Tallahassee that would increase the tax burden on businesses or consumers in our region will be a priority issue for our Government and Legislative Affairs Committee.</li><li>Service level changes in economic development and business support programs. Local economic development offices, business incentive programs, and workforce development resources are funded by the same budget pools affected by this amendment. We will pay attention to what gets cut and advocate for protecting the programs that have the most direct impact on business growth in our communities.</li></ul>What the Chamber Will DoThis is exactly when advocacy matters the most. We will continue attending city commission and county meetings, monitoring budget hearings, and communicating what we learn to our members. When local governments propose changes that would disproportionately shift costs onto businesses, we will say so publicly and on the record.We will also be a resource as members try to understand what these changes mean for their own operations. If you have questions about how the amendment may affect your property taxes, your lease, your permit costs, or the services your business relies on, reach out to us. We may not have every answer, but we will help you find it.The Chamber exists to protect and strengthen the environment our members operate in. That mission does not change based on election outcomes. We were here before this vote, and we will be here through everything that follows it.Stay informed with the Chamber, where we will continue updating our resources as implementation develops.</div></body>

Block Source: miramarpembrokepines.org

Misinformation

Clickbait

Old or repetitive news

Explicit content

Location not relevant

On November 4th, Florida voters approved Amendment 3 with the required 60% supermajority. The homestead exemption will begin rising on January 1, 2027, and the constitutional framework for full property tax elimination on primary residences is now in place. The Miramar Pembroke Pines Regional Chamber of Commerce formally opposed this...

Amendment 3 Passed. Here Is What Comes Next.

NewsBreak

On November 4th, Florida voters approved Amendment 3 with the required 60% supermajority. The homestead exemption will begin rising on January 1, 2027, and

Amendment 3 Passed. Here Is What Comes Next.

Comments