A Taxing Situation: Have We Saved Our Homes On the Backs of Businesses?
Solares Hill › August 11, 2009
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Summary
"It doesn't really do anything to control taxes. It only controls assessments," says Kurt Wenner, a senior analyst for the Tallahassee-based group. "What it results in doing is shifting taxes from homesteaded to non-homestead property. That creates a number of inequities and unfair situations."
The "extra" tax burden carried by the non-homesteaded properties has increased with the property values. Statewide, "it was something like $4 billion in taxes last year. This year, it's going to be probably over $6 billion," Wenner says. "That's a pretty big shift from people to people.""I understand the inequity when you buy compared to your neighbor that's been there 10 years. But it's valid. Their taxes shouldn't be based on what you're paying," he says. "That's a valid inequity."See the full content of this document
Extract
A Taxing Situation: Have We Saved Our Homes On the Backs of Businesses?
The headlines on property taxes have been terrifying lately - a 27 percent increase in Key West alone! Big increases from the school district!
Yet some of us don't have to sweat it this time of year. That would be those of us with homestead exemptions, thus covered by the Save Our Homes amendment in the ...See the full content of this document
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