Property tax reduction proposals by Governor C. Crist

By
Real Estate Agent with Douglas Elliman Real Estate

Governor Crist said: "We must keep property taxes low and local government fiscally responsible". The proposals will help Florida's Real Estate market and businesses to survive the depression.

Governor's proposals:

  • Limit the amount of taxable value increase on non-homesteaded properties (second homes, rental housing and commercial) to 5% instead of10% per year as per constitutional amendment.
  • First time homebuyers will be taxed on half the property value with the maximum exemption of $250,000, which will phase out within 5 years.
  • Homeowners Fairness Bill will address increases in assessments on homesteaded properties during the time when the property values are declining.
  • If you file an APPEAL with the Value Adjustment Board, Property appraiser's office representatives will have to prove that their work is valid.  Now according to statutory "presumption of correctness" the petitioner (owner of the property) has the burden to show that the assessment is too high. This measure does not require voter approval

If you feel that your property assessed value is too high, you should file an appeal. Please e mail me at info@REtaxFlorida.com if you have any questions...

 

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