Florida Passes the Property Tax Cut PackageWoohoo! Amendment 1 for property taxes in Florida just passed with the required 60% of votes minimum. One constant with home buyers and sellers has been complaints about the property tax system and their voices were finally heard loud and clear. Hopefully this will set a precedent of more property tax reform in the future for Florida. Future property taxes will be capped on businesses, industrial property, rental, and second homes at 10% and offers a $25,000 exemption on business equipment Original post by Hojin’s Southwest Orlando Real Estate Scoop
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