Florida Amendment 5 2024 Explained In English. There are six amendments on the ballot in the 2024 florida general election on nov. 5, 2024, general election, which includes 16 proposed amendments.

Amendment 5 would reduce future property tax revenues for local governments in florida by an estimated $22.8 million in 2025, which would grow to about $112 million by 2028. Amendment 5 could lead to more savings for property owners who apply for homestead property tax.