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Wind-Damage-Resistance Improvements
& Renewable Energy Source Devices

Determination of Assessed Value

-- Exemption Update --

Amendment 3 was approved by the voters in the November 4, 2008 general election. This amendment created changes to the State Constitution (Sections 3 and 4 of Article VII), relating to the inclusion of wind-damage-resistance improvements and renewable energy devices when determining the value of your property.

In summary, this amendment prohibited the following to be included when determining the value of real property used for residential purposes:

  1. Any change or improvement made for the purpose of improving a property's resistance to wind damage
  2. The installation of a renewable energy source device

Amendment 3 also repealed the previous ad valorem tax exemption (Section 3 of Article VII) relating to renewable energy devices.

Legislation (Senate Bill 2454 and House Bill 7113) was introduced during the 2009 legislative session to implement the changes made by Amendment 3. No implementing legislation passed during the session. Therefore, the new amendment to the constitution will not apply until implemented by general law. In addition, the Renewable Energy Source exemption, previously available, was repealed by Amendment 3 and is no longer in effect.

We will keep you informed as we receive more information from the Department of Revenue about this exemption.

 

Source: Florida Department of Revenue, Property Tax Bulletin PTO 09-28, October 16, 2009