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Phase 1 Of Tax Plan Is Now The Law

By
Real Estate Agent with Exit Realty Consultants

On Thursday June 21, 2007 Gov. Charlie Crist signed into law the first phase of property tax reform which means a savings of about 6 or 7 percent to all property owners, including second homes and commercial property.

This is just the first phase, so Florida property owners shouldn't be disappointed on a relatively small first year's savings, estimated to be around $174 - $199. Florida voters will decide in late January, 2008 whether to adopt the second half of the plan.

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