florida real estate taxes: Florida’s Amendment 1 – What It Means to You - 03/11/08 07:04 PM
On January 29, voters spoke loud and clear. Amendment 1 passed with nearly 65% of the vote - an astounding percentage. With the passage of Amendment 1, many people will be seeing some major changes in their tax bills. Are you one of them? Here's quick rundown on the four sections of Amendment 1, what each section is, and how it might apply to you.
Part 1: Portability
The first part of Amendment 1 allows those who received a homestead exemption to transfer their Save Our Homes benefit to a new home under certain conditions. Under the old system, many people were "trapped" … (0 comments)
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florida real estate taxes: Florida Property Tax Reform - 07/26/07 04:43 PM
There is a lot going on in Florida right now concerning the issue of property taxes. Recently a new property tax bill was proposed and has been received with mixed emotions by Florida residents. Some think that this new bill looks great and indeed for some it will be quite nice, however, some sectors believe that the bill is not broad enough to solve some of the past inequalities in the home tax system. The current system which is known as "The Save Our Homes Amendment" states that a property's assessed value cannot rise more than 3% a year however that … (0 comments)
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florida real estate taxes: Florida Lawmakers Send Property Tax Plan to Voters - 06/18/07 09:39 PM
The Florida Legislature approved a new property tax plan last week at their special legislative session. The new plan will go to Florida voters on January 29th and will require a ‘yes' nod from 60%, or greater, of the voters.
Under the new plan, homeowners would receive a so called "super-exemption", whereby each homeowner would receive a 75% exemption on their homes first $200,000 in value, and 15% on the next $300,000 on value. Additionally
Expect a strong fight over the next seven or so months as lines are quickly being drawn. On one side their local city and county officials, along … (0 comments)
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