Donald Trump is helping Gov. Charlie Crist raise money Thursday for a ballot question that could cap all property taxes. The same amendment would also provide cuts for most homeowners. Trump is on-board the amendment bandwagon as he pays $1 million a year on his Palm Beach County mansion.

During the campaign trail last year, Crist promised to reduce property taxes and has made the issue one of his highest priorities since taking office in January. The governor will be making a significant push to get support for the Jan. 29 ballot question that would double the homestead exemption and place a 10 percent assessment cap on all properties.

The amendment would also double exemptions on primary homes to $50,000. And, it would cap assessments on other properties. Businesses, rentals and second homes like Trump’s Palm Beach mansion, which is appraised at $58 million would have their taxes lowered. In 2005, the assessed value of Trump’s mansion was $41.4 million. It jumped to $56 million the next year, or a 35 percent increase. Had the cap been in place, his tax would have been based on a $45.5 million assessment in 2006.
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