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property taxes

Florida Realtors legislative recap shows what successful Session looks like

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Florida Realtors really want you to know what a successful Legislative Session looks like. To celebrate the close of a “triumphant” 2017 Session – including passage of the state’s $82.4 billion budget – Florida Realtors released a recap of its major victories, bills and budgetary items of interest to real estate professionals statewide. Florida Realtors 2017 president Maria Wells says: “Your investment in the Florida Realtors PAC ensured Realtor-friendly legislators were elected. During committee weeks and session, you made your…

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Bill limiting property tax assessments ready for House floor

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A bill that would extend a constitutional amendment to stop large spikes a property’s taxable value is ready for a floor vote in the House. HJR 21 cleared the House Commerce Committee with a 24-2 vote, and previously made it through the House Ways and Means Committee with a 16-1 vote. Back in 2008, Florida voters approved an amendment that capped the increase in assessed value for non-homesteaded residential property at 10 percent a year, except when it comes to taxes…

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Tom Lee files constitutional amendment on property taxes

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vacation home

State Sen. Tom Lee has filed a proposed constitutional amendment to keep “dramatic increases in annual property tax assessments” in check on vacation homes and other properties. Lee, a Brandon Republican, filed SJR 76 on Monday. “Failure to pass this joint resolution will result in one of the largest tax increases in the history of our state,” Lee said in a statement. “Florida voters will have the ultimate say on the 2018 ballot, but it is the legislature’s responsibility to act in…

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Property tax rate expected to hold steady in Pinellas for the coming year

in The Bay and the 'Burg/Top Headlines by

Pinellas County commissioners agreed Thursday to hold property tax rates steady for the upcoming 2016-17 fiscal year. The agreement, made during a workshop, is not official. Commissioners will have to vote twice to finalize the tax rate for the fiscal year that begins Oct. 1. However, once they give the tax rate preliminary approval, it cannot be increased before the final vote. Commissioners could decrease the rate, but not increase it. Under the agreement, the property tax rate would remain…

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SWIFTMUD adopts tax rate for coming fiscal year

in The Bay and the 'Burg/Top Headlines by

The Southwest Florida Water Management District has adopted a tax rate for the 2016-17 fiscal year that’s about 4.9 percent lower than the current rate. The proposed rate for the new fiscal year, which begins Oct. 1, is about 33 cents per thousand dollars of assessed, taxable value. The current SWIFTMUD tax rate is about 35 cents per thousand dollars of assessed, taxable value. For the owner of a $150,000 home with a $50,000 homestead exemption, the district tax would be…

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