Proposed Super Homestead Exemption

By
Real Estate Agent with ERA Suncoast Realty

Here is a little tid bit from www.floridalrealtors.org that will help you decide how to vote on January 29th for property tax reform.

Property calculators

How much would you save under the proposed "super exemption" property tax option?  To accurately determine the value/cost of the new super exemption compared to keeping Save Our Homes, you must first make a few assumptions:  On average, how much will real estate values rise each year in your area? How much will local incomes rise each year? FAR has created a calculator that empowers you to make your own assumptions and even change them to see how different numbers affect the results. The first calculator allows you to compare your current property taxes to super exemption numbers. The second calculator allows you to compare both tax plans to a new homestead home purchased in 2008. Both can be found under "What's New" on the home page of floridarealtors.org

For more information go to www.floridarealtors.org On the right side of the page under the heading 2007 Legislative top Initiatives, click on property tax reform toolkit.  This will provide you with the most up to date information on the proposed ammendment.

 

Comments (1)

Brian Hoots
Real Living Speckman Realty, Inc. - Bourbonnais, IL
Melinda, welcome to active rain, I hope the lawmakers in florida continue to work on controlling the tax situation.
Sep 27, 2007 03:12 PM