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The Latest Proposals for Property Tax Reform in Florida

By
Real Estate Agent with Homeward Real Estate

Florida lawmakers seem determined to make some changes in the Property Tax System before the taxpayers revolt!  Here are the latest proposals as outlined in the Tampa Tribune today.

I would really like some FEEDBACK about which proposal you think is most likely to get through the Legislature.  I consider this a Non-Partisan issue, so take off your "party" hat and tell me what you think in the comment space below the article.

Personally, I still like Mario Rubio's proposal, but there are counties with lower priced housing that would pay little tax under that proposal, so tying the exemption to the Median Price within a county has some merit.  I think a "tiered percentage" plan, vs. a "flat" homestead amount will have the greatest success and acceptance.

What do YOU think?

See the rest at The Real Estate Sizzle.

Comments(1)

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Beth Butler
Beth Butler - Big Mouth Consulting - Miami, FL
Hi Jackie:  I have been trying to keep up with this- so thanks for putting it on AR.  My first question on all of the plans - is what number are they using for value?  Market Value?  Assessed Value?  Right now we all pay on assessed value - if you apply any of the models, everyone would benefit.  If you raise the assessed value to market and then apply the numbers, the reductions look considerably different.  Tha issue of the "cap" is also not yet addressed, which needs to be a part of the plan.  Personally, for the Miami market, I like Rubio's plan... but they all look like they are getting back to some meaningful reductions.  Thanks for the update
May 23, 2007 06:15 AM