Added to Tuesday’s primary ballot is a proposed change to the way property taxes are assessed.
Currently, a rule of thumb is that taxes on real estate are nearly 2% of appraised value. Usually the appraised value is lower than market price and owners who live in their homes can claim a $25,000 deduction. The median price of Florida houses is about $300,000, so a home buyer could be paying $6,000 per year.