When the nation’s home prices were booming, Florida led the way. Now, with the housing market in a slump, the state is taking the lead in tackling one of the boom’s more onerous legacies: sky-high property taxes.
Florida’s legislature is considering various plans that aim not only to cut taxes, but also to change a system that many regard as unfair. Much like California, Florida protects existing homeowners, effectively capping the amount that their property taxes can rise from year to year.
As house prices have more than doubled in Florida over the past five years, the system has shifted the tax burden onto people who don’t enjoy the same protection: new homeowners, business owners, real-estate investors, people with second homes and “snowbirds,” nonresidents who have vacation homes in the state.
Looking for a home in Gleneagles Country Club? Realtor® Caesar Parisi is ready to help you buy your dream property.
search for : new homeowners, real-estate investors, snowbirds
Leave a Reply
You must be logged in to post a comment.