When you go to vote in the Presidential primary to choose who will run our great nation... there will also be another vote that is just as important. This vote will be for the new Super Homestead ExemptionNew Tax Plan... JUST SAY NO !!!
Just say NO to the new tax plan on the superhomestead exemtion. This amendment will steal millions of dollars from our school systems (Thats right... there is no exemption for schools), local goverments, and state government.
This plan is an attempt to correct the present 3% cap on property tax increases on real property that are presently homestead exempt.
So with the new and flashy homestead exemption you will pay a significant amount less. For example my taxes would be reduced from approximately $3600.00 to approximately $1200.00. So at first glance you're thinking oh my gosh... I will save $200.00 a month.
Many of us do have jobs, and pay income taxes too. Many of us depend on the tax benefits that paying property tax and mortgage interest.
But this is what I see as the big problem...
There will no longer be a cap on the amount of $$$ your property taxes can increase based on the value of your property.
Although we've seen a downward adjustment in values at this time... historically property values will once again increase. So now you've got this SUPER DUPER HOMESTEAD EXEMPTION now that will save us all.
But oh wow... my property values have started to increase now... maybe the super homestead as fueled the market and now my home value has increased tremendously.
Uh oh... Just got the new property tax bill... My value has increased a lot... I'm going to have to pay a lot of taxes this year... guess I should have kept and voted NO on the super homestead because now my tax rate is going to fluxuate with the value of my real property.
No more 3% cap on how much the local taxing authority can levy me yearly.
JUST SAY NO TO THE SUPER HOMESTEAD EXEMPTION - It's a SCAM that will end up costing Floridian's in the long run. This is a quick fix... but as time goes on we will be paying taxes without a limit !!!
"Copyright © 2007 by Scott Slocum. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed without the written consent of the author."