Amendment Three passed in Florida
Amendment Three passed in Florida
Florida's property market has been given a boost. Amendment Three was passed in the US presidential elections last week.
Amendment Three is set to benefit owners of
property in Florida who fit renewable energy devices or
storm proofing features to their homes, reports The Move Channel.
Such owners will not face higher
property taxes, despite the resultant increase in the value of their home. The move is expected to encourage existing homeowners to fit features such as hurricane proof shutters and solar panels to their homes. Potential
property investors may also be attracted by the new regulations.
Amendment Three narrowly passed the 60 per cent support threshold needed to become law. The amendment received
60.5 per cent of the votes, which would normally require a recount under state law.
However, officials decided to waive the
mandatory recount on this occasion.
This story was brought to you by holiday
lettings.co.uk, the UK's No.1 holiday home website.
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