I would be interested in hearing what people think about the proposed Florida property tax reform. I have not read the knitty gritty details but it sounds like the bill will allow homestead portability which I am in favor of. I have also read that the new bill will put a greater tax burden on 2nd home owners, landlords and businesses which I disagree with. I do think the snowbirds or 2nd home owners get the shaft when it comes to property taxes. They are usually only here 3 or 4 months in the winter but pay proportionately more in taxes.
The state needs retirees and snowbirds to come buy property. Florida is becoming less and less attractive to snowbirds with high property taxes and insurance rates. It simply just does not seem fair to make a part time resident who uses the government services 3 or 4 months a year to pay more than a full time resident who uses them for 12 months.
Until I read the details of the tax plan I am unsure whether to support it or not. I have read the FAR(Florida Association of Realtors) plans on supporting it.
Any opinions?
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