Amendment 3 would triple the homestead tax exemption in Delray Beach from $50,000 to $150,000 by 2027, reducing property tax payments for a $500,000 home from about $2,858 to $2,223. This change is projected to cost Delray Beach over $8.3 million in lost revenue in 2027. The city will continue analyzing the amendment's impact on services, programs, and projects.
Continue to full article
Leave a Reply