After detailed analysis and scientific exit polling (of my wife and myself) I'm predicting the amendment will pass. Which is odd because I voted against it and my wife didn't vote one way or the other.
I'm surprised this passes (or looks like it will). For one thing, it needed 60% which was supposed to make amendments harder to pass. Second, it doesn't go anywhere near far enough. It would not help people that already own an expensive house (bought within the last few years of this real estate bubble) with their high taxes and it doesn't put seem to help future "first time" buyers very much.
Since more people will be saving more money from their "caps", the tax rate will have to go higher and higher to make the money counties need. Maybe it shouldn't, but this amendment doesn't stop them, so I'm assuming counties will continue to tax and tax. Since more people are covered by the "cap", the gap between what they pay and what first time home buyers will pay will continue to grow and grow.
How is this fair? How is this sustainable?
Plus there is the Federal Constitutional issue of this puts an unfair burden on people moving to Florida (like a struck down car "impact fee").
I vote against it because I wanted to send a strong message for them to TRY AGAIN. Now there will not be as much pressure to do anything.
Property Tax Amendment 1 still getting 60 percent of 'yes' vote -- OrlandoSentinel.com
Amendment 1's approval deserves smart response from government
(http://www.orlandosentinel.com/news/opinion/orl-ed30108jan30,0,4602339.story) [This Post Continues after the jump...]