The passage of this amendment will have a number of predictable results:
-Those middle income renter who can afford to do so will buy homes, instead of renting
-renters will see their rents rise, since commercial property is exempt from the amendment, so taxing authorities will raise taxes on all manner of income-producing property
-counties and municipalities with lower populations and lower aggregate household income will soon be unable to deliver the current level of public services--including storm response
-the increase in assessment of second homes and condos will hit the maximum of 5% annually for the foreseeable future. All those Canadians who drove down from Toronto in 2007-9 to rescue the housing market in Lee and Collier counties will get spanked for as long as they continue t own their Florida homes
-values of commercial property will stagnate, because of the ever-increasing property tax expense investors will experience
-sales taxes will rise, from the current 6% minimum to perhaps double digits in some areas, so as to fund schools, roads and storm response
-fees on every manner of road toll, fishing license or other governmental permit will go up starting in January
-governmental entities, form municipalities to the State of Florida, will run out of money much faster than anyone predicts now

Having lived long enough in Okiehomie, I've seen what a low tax regime gets you: bad roads, bad schools and bad healthcare. All coming soon to Florida...