Boca Raton staff outline $16.7 million hit if Florida property-tax amendment passes
City staff presented a detailed analysis showing House Joint Resolution 1F would reduce Boca Raton taxable value by about 11% and cost an estimated $16.73 million in city property-tax revenue over two steps; residents urged action at a June 18 budget workshop.
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City staff presented a detailed fiscal review on Tuesday of a proposed state constitutional amendment that would expand homestead exemptions and alter local millage calculations, a change the city estimates would trim Boca Raton taxable base by about 11% and reduce city property-tax revenue by roughly $16.73 million if fully implemented.
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