florida: Are Florida's property tax changes enough to help Economy?
- 02/06/08 12:01 PM
Will lower property taxes be enough to get people to buy homes in South Florida? It may have helped 18 months ago but many other factors in home buying decision making have changed for the worse. And these property tax reforms only affect homesteaded properties which according to the City of Delray Beach website almost 45% of homes in Delray Beach do not even qualify for the homestead exemption. The insurance rates are still too high and property values still are considered too high. Even with lower property taxes and lower mortgage interest rates, people may not want to get locked … (5 comments)
Will lower property taxes be enough to get people to buy homes in South Florida? It may have helped 18 months ago but many other factors in home buying decision making have changed for the worse. And these property tax reforms only affect homesteaded properties which according to the City of Delray Beach website almost 45% of homes in Delray Beach do not even qualify for the homestead exemption. The insurance rates are still too high and property values still are considered too high. Even with lower property taxes and lower mortgage interest rates, people may not want to get locked … (5 comments)
;)
;)
