Need proof that Fla. home sales are up?
WASHINGTON – Sept. 28, 2011 – The value of home sales in Florida has gone up. For proof, look no further than doc stamp taxes, which are paid on all home sales. According to U.S. Census Bureau reports, doc stamp revenue rose 9.8% in the second quarter of 2011 compared to the same quarter in 2010.
Other state taxes also rose, the U.S. Census Bureau reported Tuesday as part of a national study that showed continued revenue gains nationwide.
Florida sales tax collections climbed 5.4 percent; Florida corporate income tax collections rose 5.4 percent year to year for the quarter ending June 30.
Nationally, corporate income tax collections shot up 20.4 percent while sales tax increases increased by 4.7 percent. Income tax collections were 16.3 percent higher in the quarter compared to 2010.
Stagnant property values continued to take a toll, however. Nationally, local governments collected $85.9 billion of total property tax revenue, a decrease of 1.0 percent from the same quarter in 2010.
Source: News Service of Florida
The Florida Realtors are a very proactive association. I am please to be involved as a member. I can sell a house most anywhere in the state. Real estate in Florida and especially in Key West, Florida has been desirable because of the weather. Property prices fell because there are a lot of second homes in the Florida/ Key West Market. First to fall first to rise. The future looks bright for Florida. Time to start looking at the Key West, Florida Market again.
I know the Key West Market well. I have owned property in Key West, Florida since 1970. I bought in Key West when the market was low. Even with the dip in prices I have had huge appreciation. Come get you piece of the "rock"
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