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Update from Carl Domino regarding tax changes
The letter below was sent to me via e-mail from Rep. Carl Domino who is in favor of the portability issues regarding save our homes. Realistically, the solution that has been proposed has several drawbacks. It is a step in the right direction because it has the potential of ending the current cap issues. The current solution provides for exponential cost savings every year for homesteaded properties. This new solution is (to some extent) a linear cost savings. In other words, we aren't getting as far out of whack. However, it still allows homeowners to opt to remain under the old system and, more importantly, does not address the problems associated with non-homesteaded properties. Renters and employers will bear the largest burden under the new scheme. The good news is that that burden will begin to be less proportional.Letter from the Representative:------------------------------------------------------------------SAVE OUR HOMES UPDATE!Finally after a 4 year battle we are beginning to see a consensus growingaround property tax relief. While we do not have details much of the proposal provides meaningful and responsible tax relief. This week in Tallahassee we will iron out details and work hard to ensure that taxes will remain affordable.The plan has two parts:1. A ... more

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