VOTE411 Voter Guide

Ballot Language:Proposing an amendment to the State Constitution to exempt tangible personal property habitually located or typically present on land classified as agricultural, used in the production of agricultural products or for agritourism activities, and owned by the landowner or leaseholder of the agricultural land from ad valorem taxation. If approved this amendment would first apply for tax years beginning January 1, 2027.Synopsis:This amendment is proposed by the Florida State Legislature. It will amend Article VII, Section 3. It passed the House 110-1 and the Senate 37-0.This proposed amendment would exempt the value of certain tangible personal property (such as farm equipment or tools) used in agriculture or agritourism from ad valorem property taxes, if the property:is habitually located or typically present on agricultural land.is used for producing agricultural products or for agritourism and owned by the landowner or leaseholder of the agricultural land.Tangible personal property (TPP) refers to physical, movable assets such as furniture, machinery, tools, and equipment. Businesses pay property taxes on equipment used in the business, except for certain exempt categories - including motor vehicles, household goods, and the first $25,000 of TPP value for each taxpayer.The Florida Legislature’s Bill Analysis & Fiscal Impact Statement states that the Revenue Estimating Conference estimated this amendment, if approved by voters, will have a negative recurring impact on local government revenues of $31 million, beginning in Fiscal Year 2027-28.Opponents: None known at this time Supporters: Florida Legislature (House 110-1, Senate 37-0)A Yes Vote Would...: exclude tangible personal property, such as farm equipment or tools, from the calculation of property taxes if the property is typically present on agricultural land, used for farming or agritourism activities, and owned by the landowner or leaseholder of the land.A No Vote Would...: continue to include tangible personal property, such as farm equipment or tools, in the calculation of property taxes if the property is typically present on agricultural land, used for farming or agritourism activities, and owned by the landowner or leaseholder of the land.