Miami-Dade Legislative Item
File Number: 050605
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File Number: 050605 File Type: Resolution Status: Adopted
Version: 0 Reference: R-418-05 Control: County Commission
File Name: URGE FL LEGISLAT ENACT ONE TIME CARRYOVER OF SAVE OUR HOMES Introduced: 3/2/2005
Requester: NONE Cost: Final Action: 4/5/2005
Agenda Date: 4/5/2005 Agenda Item Number: 11A23
Notes: Title: RESOLUTION URGING THE FLORIDA LEGISLATURE TO ENACT LEGISLATION ALLOWING A ONE-TIME CARRY OVER OF THE SAVE OUR HOMES VALUE WHEN BUYING A SMALLER HOMESTEAD PROPERTY WITHIN ONE YEAR OF SELLING A LARGER HOMESTEAD PROPERTY
Indexes: HOMESTEAD GENERAL
  HOUSING
Sponsors: Katy Sorenson, Prime Sponsor
  Carlos A. Gimenez, Co-Sponsor
  Rebeca Sosa, Co-Sponsor
  Jose "Pepe" Diaz, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 4/5/2005 11A23 Adopted P

Intergov., Recreation & Cultural Affairs Cmte. 3/9/2005 2D Forwarded to BCC with a favorable recommendation P

County Attorney 3/2/2005 Assigned Intergov., Recreation & Cultural Affairs Cmte. 3/9/2005

County Attorney 3/2/2005 Assigned Jess M. McCarty

Legislative Text


TITLE
RESOLUTION URGING THE FLORIDA LEGISLATURE TO ENACT LEGISLATION ALLOWING A ONE-TIME CARRY OVER OF THE SAVE OUR HOMES VALUE WHEN BUYING A SMALLER HOMESTEAD PROPERTY WITHIN ONE YEAR OF SELLING A LARGER HOMESTEAD PROPERTY

BODY
WHEREAS, property values in Miami-Dade County have risen sharply over the past few decade and particularly in the last few years; and
WHEREAS, the Save Our Homes Amendment to the Florida Constitution, Article VII, Section 4(c)(1), provides that the increase in assessed value of homestead property shall not exceed the greater of three (3) percent or the rate of inflation, whichever is lower; and
WHEREAS, the Save Our Homes Amendment has had the effect over time of suppressing the assessed values and correspondingly the total tax bills of homestead property as property values have increased; and
WHEREAS, this suppression of assessed values likely results in an increase in a homeowner's tax bill when the homeowner moves to a new home, even if the new home is smaller in size than the original home; and
WHEREAS, the Save Our Home cap potentially results in the unintended consequence of discouraging people from moving to a smaller home when, for example, their children have left the home; and
WHEREAS, this effect has resulted in people staying in larger homes when smaller homes, including townhouses and condominium units might be a more appropriate-size home; and
WHEREAS, tax policy should not discourage homeowners from moving to smaller homes because of the inefficient use of energy and the negative effects on the environment of people staying in homes larger than what they need; and
WHEREAS, tax policy should not discourage elderly homeowners from moving from large two-story suburban homes to single-floor denser condominium units and townhouses that may be safer and more suitable for elderly homeowners; and
WHEREAS, allowing homeowners to do a one-time carry over of the Save Our Homes value they have accrued over time when selling a homestead property for the purpose of buying a smaller homestead property would remove disincentives to having homeowners reside in homes that are appropriately-sized and located for their particular needs; and
WHEREAS, such a one-time carry over of the Save Our Homes value allows "empty nest" homeowners to downsize without having the significant negative effects on local government revenues of general proposals that allow the portability of Save Our Homes value under all circumstances,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. This Board urges the Florida Legislature to adopt legislation, including a joint resolution to propose a constitutional amendment, that would allow a one-time carry over of the Save Our Homes value when a homeowner who is 55 years of age or older sells a homestead property and buys a smaller homestead property.
Section 2. The Clerk of the Board is directed to transmit a certified copy of this resolution to the Chair and members of the Miami- Dade County State Legislative Delegation.
Section 3. This Board directs the County's state lobbyists to advocate for the passage of the legislation set forth in section 1 above, and directs the Office of Intergovernmental Affairs to include this item in the federal and state legislative packages.



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