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PTO Bulletin 18-04 Property Tax Oversight I Bulletin: PTO 18-04 ' To: Property Appraisers From: Property Tax Oversight Program Date: November 7, 2018 Bulletin: PTO 18-04 FLORIDA DEPARTMENT OF REVENUE PROPERTY TAX INFORMATIONAL BULLETIN 2018 Florida Constitutional Amendments 1 and 2 Amendment 1: Increased Homestead Property Tax Exemption Amendment 1 did not pass with the required 60 percent vote. Amendment 2: Limitations on Property Tax Assessments Amendment 2 passed with the required 60 percent vote and will take effect January 1, 2019. The rejection of Amendment I and passage of Amendment 2 do not require the Department or county property appraisers to pursue further action. The procedures for reporting homestead exemptions and 10 percent non-homestead assessment caps remain the same. The Department of Revenue has provided this bulletin for your general information. If you have questions, please email DORPTOfloridarevenue.com.