The proposed constitutional amendment that would dramatically change the Florida homestead property tax exemption laws is under major challenge today.  A judge in Leon County has ruled that the language going on the ballot in January is "misleading and inaccurate".  This ruling may be a blessing in disguise.  Hopefully this will force the legislature to go back to the drawing board and give us some real relief for not only homesteaders but also for rental properties and businesses.  There is an article with more details about the ruling in today's Orlando Sentinel.

The Florida legislature is meeting again for a special session in October to enact budget cuts.  Who knows, they might spend some of that time working on property taxes now.  I wouldn't hold my breath though.  If they do not and this amendment is not on the ballot in January, the legislature will be under a lot of fire to do something else during the normal Spring session. In my opinion, they really need to make some radical changes to the property tax structure or else people will not be able to afford living in this great state.

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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

407-389-7318 / 1-877-389-7318 www.SDRhouses.com   www.WeBuyHousesFlorida.com 

We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida, metro Orlando, and the Space Coast. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.  Our firm also provides flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Florida including Orlando, Altamonte Springs, Apopka, Kissimmee, Sanford, Lake Mary, and Deltona.

 
This post has been included in Florida Information

2 Comments on Proposed super-homestead tax exemption in trouble

SEP
25
2007
I can't believe they actually thought this bill was worthwhile! Down with Super Stupid Exemption!
4:29pm • #1
SEP
28
2007
240,890 Points 1 Featured Post Outside Blog
I agree.  But something needs to be done to get these property taxes under control.  It is really a big anchor on the entire real estate market and the overall Florida economy.
10:38am • #2

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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor

Altamonte Springs, FL

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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.

Rob Arnold - ABR, CPL, CRB, CSP, GRI - Managing real estate broker, Notary Public














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