As you may already know, the State of Florida is currently considering a measure to eliminate the Florida Property tax during a special session (June 12-22, 2007), so action today is important. Property values in Florida have increased significantly over the past 5 years – 11 percent, 12.2 percent, 18.2 percent, 19 percent and 25 percent. The combined impact from all taxing jurisdictions is that property tax revenues have doubled, significantly outpacing inflation. Over the last decade state population has grown by 25 percent, personal income has grown by 86 percent, but property taxes have increased by 148 percent. The politicians whining about not having enough revenue want power over you, nothing more and will use fear and any technique than can in order to keep it. Their special interest friends want their handouts that the politicians take from you.
Abolishing the property tax would be a boon for the State of Florida for many reasons:
* Increased property values: people can afford more for their money without worrying about property taxes each year.
* Increased growth: lower taxes increase growth; meaning more jobs and better wages.
* Easier Home sales: people will be able to afford a more expensive house and be more mobile because they won?¢‚Ç¨‚Ñ¢t fear a huge tax increase that a move currently would cause. Continue reading Florida Property Tax Reform and Elimination