In 1992 in Florida, a property tax break measure entitled, "Save Our Homes," was passed. What this does is take the Tax Assessed Value of your home at the time of purchase and limit this from being increased more than 3% per year for the current owner until the home is sold. The intention of this was to be of assistance mainly to the elderly from being taxed out of their homes. Unfortunately, the wealthy have received a proportionately greater property tax benefits than those intended. Read the complete article at http://www.orlandosentinel.com/orl-sohday206oct30,0,6678504.story
Until Next Time - MARC IT SOLD!
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
Marc, that is how numbers work. To keep the more expensive homes and estates in your state they get a larger break. You can do as Louisiana did and drive them off. You get a % of nothing. When we we learn how numbers work?
Dec 22, 2006 01:32 AM
Rainer
209,446
209,446
Marc Grossman
GRI, Greater Orlando Real Estate Broker
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over 13 years ago
This blog is an avenue to relate information and sites that may be of interest to you in regard to real estate. There will be miscellaneous meanderings about me and opinions in regard to Central Florida and Orlando homes for sale and real estate in particular.
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