Tuesday, June 5, 2007

Florida Property Tax Update - AN EARLY VOTE!!

My earlier post Florida Property Tax Update - The Compromise is Near!! details what seems to be the final answer to the Florida Property Tax Reform issue that is currently the main topic of the Florida State House and Senate special session.

Florida House Speaker Marco Rubio, R-Miami, pushed forward a plan that will create a percentage system that will reward property owners with much larger exemptions based on the type of ownerships:

  • Homestead
  • Non Homestead Residential
  • Investment
  • Commercial
  • etc

The only issue to resolve at this point is what the specific percentages will be for each category of ownership.

The good news out yesterday was that due to the Florida Presidential Primaries being moved up, the House and Senate have requested that instead of waiting for a vote on an amendment for property taxes to wait for the next general election in November 2008, they want to have this amendment available for vote in this upcoming Primary election!!

Yesterday Morning, Governor Charlie Crist, R, signed a bill moving the Florida Presidential Primary election from March to January 29th of 2008.

As that is only 6.5 months away, it looks like Property Tax Relief is coming soon!

More Florida Mortgage and Real Estate News You Can Use From
David A. Podgursky, MBA
The Mortgage Go To Guy
Your Source for Residential, Commercial, Investment and Relocation Mortgages in Florida

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