Amendment 4 -What’s your Take?

Real Estate Agent with eXp Realty LLC BK 3126272

Perhaps you are not deeply involved with your local politics and that’s OK, I can understand that. A busy schedule and hectic work day don’t leave much time for anything else. If you’re like me just getting a solid 8 is a small miracle. Sometimes we need to make time for something even if we can’t and this is one of those times.

If you are not familiar with Amendment 4 please allow me to sum it up for you. This amendment proposes to do 3 very important things for business owners as well as anyone buying their first home.

1. Limit the increase in assessed values for commercial property,

2. Limit the maximum tax rate for commercial property.

3. Provide a tax break for first time home buyers including anyone who has not had a homestead exemption in the past 3 years.

Seems pretty simple to me so what’s all the confusion about? Do business owners actually want to pay more of their hard earned dollars in taxes? Does a first time home buyer deserve additional tax liability when they need every possible dollar to finally get into that first home? Is it wise to raise taxes when even our national economy is in crisis? Think about it my friend; stimulating the local economy is best done by putting more money into the pockets of people, not taking it out. For me, it’s as simple as 1, 2, 3. So, what’s your take?

Posted by

Maggie Dokic - Broker/Owner - Special Miami Homes

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For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit our Miami Real Estate site or contact us at Team (at) SpecialMiamiHomes (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of  Special Miami Homes.

None of this information is to be deemed legal or financial advice.  Please contact your attorney or accountant for same.

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  1. Dee Toohey 10/17/2012 08:41 PM
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