News regarding property taxes in Florida!
I have some great news regarding property taxes in Florida! Apparently there have been some verbal negotiations between house and senate leaders that gives them an outline for a more comprehensive plan to be completed at the special session this month. Mark Rubio the House Speaker and Ken Pruitt the Senate President agreed to a basic outline that would address long term and short term needs. This topic is in flux and it is a complicated one - I'm trying to make sense of it. Short Term Solution From what I understand the short term solution will cut taxes county by county (and municipality by municipality) commensurate with how much they increased over the last several years. Counties that had gigantic increases will have larger cuts, and counties that didn't increase taxes as much will have smaller cuts. Long Term Solution This piece really excites me. It will be a tiered super exemption. The first $100,000 will be 70% exempt, the next $100,000 will be 50% exempt ...