Florida Property Taxes "Drop Like a Rock"!
Posted by Carlos German on
I guess when Governor Charlie Crist said in 2007, that he wanted taxes to “drop like a rock”, he was not kidding! Florida property taxes dropped by $2.28 billion, or 7.5 percent, over the past three years because of tax-cutting measures approved by the Legislature and voters!
What initially prompted the tax cut was that the overall property tax collections nearly doubled from 2000 through 2006, triggering an outcry from taxpayers that resulted in the tax-cutting measures that started in 2007. Later that year a law was passed to roll back and cap property taxes and then put a constitutional amendment on the January 2008 ballot that voters adopted for additional tax savings.
One reason property taxes haven’t dropped even more is because of the Save…
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