Once again the powers in the state have fallen short. I wonder what happened to the property tax amendment and it's passage "igniting" (Governor Christ's words)the real estate market in Florida. And home owners insurance wiped out the small savings if there were any by far.
Baffled by your property tax assessment this year?
The market value of your home may have fallen, yet its taxable value increased.
Does that make sense?.
The cause is state’s “recapture” rule and that raises your property taxes.
The rule has been on the books since 1995 but had no noticeable effect until the state’s real estate market collapsed.
Lawmakers are expected to take up legislation to repeal the recapture rule next year.
Want to learn more....send me an email.
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