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Palmetto Bay is most reliant on homestead property taxes in Miami-Dade, making Amendment 3 a big risk, mayor says

Palmetto Bay is most reliant on homestead property taxes in Miami-Dade, making Amendment 3 a big risk, mayor says
Photo: CBS4 Miami · view original

The Village of Palmetto Bay could face significant budget shortfalls if Florida voters approve Amendment 3, a measure that would lower the taxable value of primary homes statewide.If passed, Amendment 3 would lower the taxable value of primary residences by $150,000 in 2027 and by $250,000 in 2028.F

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