Florida Property Tax Reform

I went to a meeting recently about the proposed Florida constitutional amendment on January 28, 2008.





What were going to be voting on isn't as good as it was once thought but it is a start. According to the representative who did the presentation the Florida Real Estate Association supports it as a first step and if it doesn't pass would mean tax reform could not be implemented until 2009 tax bills are issued.






There are 5 points:







Portability of accumulated Save Our Home benefits.







An additional $25,000 in Homestead Exemption.







Creates a 10% annual assessment cap for ALL non-homestead properties.







Creates a new Tangible Property Exemption of $25,000 for business properties.







Requires an annual appropriation to fiscally constrained counties to offset revenue reduction that results from the constitutional amendment.





For more detail check Whip Policy Brief - Property Tax Reform



Hope you have all your shopping done.



Rob Skeel Realtor

Century 21 Prestige Realty Group

305-393-6300

http://www.robskeel.com/

http://robskeel.com/homes_for_sale.shtml

BLOG http://floridakeysrealestatebyrob.blogspot.com/