Florida Property Tax Forum with Governor Charlie Crist
Thursday August 23, 2007
MicroDecisions attended the Florida Property Tax Forum on Thursday 8.23.2007 with Florida Governor Crist. Governor Crist clarified some of the statutory and legislative changes for Florida Property Taxes.
There are statutory changes reducing taxes for the up coming payments. The statutory property tax reduction is relatively small. In most counties, the increase in assessed values negates the statutory tax savings. Some residents are seeing between a $25 to $300 reduction in taxes. But others are seeing an increase.
In January of 2008, a special legislative session will send to voters a measure that, if approved, would increase the homestead exemption from $25,000 to over $175,000. The exemption increase will reduce the property taxes significantly.
Mayors and counties are against the proposal, because of the loss of control of tax dollars.
How will tax cuts affect your hometown
Real life article about what happens when property taxes go down
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