The FLorida Tax and Budget Commission Passed CP 002

By
Real Estate Broker/Owner with EWM

FAR is happy to report that your messages to the Florida Tax and Budget Reform Commission (TBRC) were heard. In just over 30 hours Realtors from around the state sent over 50,000 messages to the Commission!

Today, the TBRC formally adopted CP 002, which if passed by voters in November will eliminate the state’s required local effort for schools portion of property taxes in 2010. The proposed constitutional amendment also places a 5% assessment cap on non-homestead property — beginning next year. It allows the Legislature to make up the $9 billion to schools in a number of ways, including raising the sales tax by up to 1 cent. Past-President Nancy Riley, who is a member of the TBRC, voted in favor of the proposal.

This is a big victory for Realtors, property owners struggling under crushing tax bills, and businesses who will see their tax bills limited by a lower, permanent assessment cap. Most importantly, Commissioners heard your voice and agreed with it — sending CP 002 and other important proposals to the November ballot is the right thing to do.

Thank you for being a part of the solution to this property tax problem. Please look for other possible Calls-to-Action over the next week. Stay tuned to the FAR website for more updates. And again, thank you.

Comments (2)

Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes
It is about time Florida begins to settle its many tax issues...it is amazing how the state killed the goose that laid the golden egg.
Apr 24, 2008 01:10 PM
Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

That is good news, we need to do something about the taxes.

Sean Allen

Apr 24, 2008 01:12 PM