Amendment 5 Florida 2024 Amendment. Amendment 5, annual adjustments to the value of certain homestead exemptions aka 'homestead exemption amendment'. One of the ballot measures is amendment 5, which could give you a break from your.

Amendment 5 would directly impact an average of 4.3 million households each year by offering an average property tax savings of $20 over the first five fiscal years of. For people with homestead exemptions, this amendment could help lower annual property tax increases.