profile picture

English French Spanish

The Governor has apparently tried to say that tenants will suffer; this is illogical, and a lame excuse. Obviously, the first investment most of us make is in a primary residence. If we save $500 a year on those taxes, that helps us pay taxes on rental property. I own a rental home The market and competition set rents. They can move if I raise their rent above market Im more likely to do that if the State raises the tax on my residence more or does not provide the tax relief measure over 800,000 Floridians signed a petition to request. Or I may sell, and

Low interest rates translate to more homeowners, fewer tenants. More buyers qualify, rates and payments low. Therefore, more homes sell. Demand means home prices have increased more in the past 2-3 years than ever. Sale prices set taxable value. When homes stay in the same ownership for many years, the benefit of Save Our Homes (cap on tax increases for Homestead property) rules is realized. When they sell, all bets are off and the home is taxed based on sale price. The state, counties & cities are getting Huge revenue increases and can well afford to cut us a tiny bit of extra slack by doubling Homestead exemption.

 

Ive served on the Value Adjustment Boards of Miami-Dade, Broward & Palm Beach counties, hearing Tax Appeals cases as a Special Master. I am familiar with ad valorem taxation, and am available for appeals. I saw too many senior citizens unable to pay their taxes I dont buy that the state will go broke from a $500/yr cut. Thats kind of like the story we were sold to get us to go for the Lottery. Then they took away federal funds! 

 

                                

 

 

 

  

 

 

Today's News Stories from Bankrate.com®:
 
6 reasons why retirees would love a rate hike
12/8/2016 6:00 PM
The promise of better returns on their savings is just the beginning of the benefits...Read More
 
What your room color says about you
12/8/2016 6:00 PM
You might be green with envy if it doesn"t match the hot new hue for 2017...Read More
 
The 10 most expensive cars ever sold at auction
12/8/2016 6:00 PM
These classics have impressive histories, and you"d need a royal fortune to buy one...Read More
 
When is the best time to buy a car?
12/8/2016 6:00 PM
Several factors go into the timing of an auto purchase. Here are things to consider...Read More
 
Can I take possession of abandoned property?
12/8/2016 6:00 PM
First, you have to find the owner and that takes legwork. Here"s how to get started...Read More



This service is supplied by Bankrate.com and is protected by copyright and owned by Bankrate.com.