Abacoa & Alton Neighbors - September 2026

6 A B A C O A & A LT O N N E I G H B O R S | S E P T E M B E R 2 0 2 6 - By Noel Martinez, Chair, Florida Association of Chamber Professionals; President & CEO, Palm Beach North Chamber of Commerce - - Photos provided by Palm Beach North Chamber of Commerce - Before YouVote T his November, Florida voters will have the opportunity to decide on proposed constitutional changes to the state's property tax system. While much of the public conversation has focused on homeowners, the outcome could have broader implications for businesses, local governments, and the communities we all call home. For business leaders, understanding what is on the ballot is just as important as casting a vote. Property tax policy influences far more than an annual tax bill—it helps shape the environment in which businesses operate, employees live, and communities grow. Property taxes are one of the primary funding sources for local governments. WHY FLORIDA'S PROPERTY TAX DEBATE MATTERS TO EVERY BUSINESS AND RESIDENT They support services and investments that businesses depend on every day, including roads and transportation improvements, public safety, emergency services, parks and recreation, stormwater infrastructure, and economic development initiatives. These investments contribute to a strong quality of life and help communities attract employers, residents, and a talented workforce. The proposed constitutional amendments would make significant changes to Florida's property tax structure and require approval from at least 60 percent of voters to become law. If approved, the measures would increase homestead exemptions for many homeowners, reduce the annual assessment cap on many non-homestead properties from 10 percent to 5 percent, and limit the purposes for which counties and municipalities may use certain property tax revenues. As with any major policy proposal, there are varying perspectives on what these changes could mean. Some believe the amendments would provide meaningful tax relief and improve affordability. Others have raised questions about how local governments would adapt to potential revenue reductions and what that could mean for future investments, public services, and long- term economic competitiveness. Recent analyses have highlighted possible effects on local services, including healthcare and infrastructure, illustrating COMMUNITY