The proposed constitutional amendment that would dramatically change the Florida homestead property tax exemption laws is under major challenge today. A judge in Leon County has ruled that the language going on the ballot in January is "misleading and inaccurate". This ruling may be a blessing in disguise. Hopefully this will force the legislature to go back to the drawing board and give us some real relief for not only homesteaders but also for rental properties and businesses. There is an article with more details about the ruling in today's Orlando Sentinel.
The Florida legislature is meeting again for a special session in October to enact budget cuts. Who knows, they might spend some of that time working on property taxes now. I wouldn't hold my breath though. If they do not and this amendment is not on the ballot in January, the legislature will be under a lot of fire to do something else during the normal Spring session. In my opinion, they really need to make some radical changes to the property tax structure or else people will not be able to afford living in this great state.
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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
407-389-7318 / 1-877-389-7318 www.SDRhouses.com www.WeBuyHousesFlorida.com
We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida, metro Orlando, and the Space Coast. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available. Our firm also provides flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Florida including Orlando, Altamonte Springs, Apopka, Kissimmee, Sanford, Lake Mary, and Deltona.
