After contributing $500,000 earlier in August, the industry group Florida Realtors has put another $4 million into an effort to pass a constitutional amendment that would extend a property-tax cap for commercial and other non-homestead properties.
The group contributed the money Aug. 29 and Aug. 30 to a political committee known as Amendment 2 is for Everybody, according to the state Division of Elections website. The committee had nearly $4.42 million in cash on hand as of Aug. 31.
The Legislature placed the proposed constitutional amendment on the November ballot.
Voters in 2008 approved a constitutional change that placed a 10 percent cap on annual increases in assessed values of non-homestead properties. The limit will expire Jan. 1 unless it is extended by voters through this year’s proposed constitutional amendment.