The constitutional amendment that would provide tax breaks to Florida property owners goes to the voters on January 29. The amendment calls for doubling the $25,000 homestead exemption AND it allows a homesteader to take a 3 percent property tax increase cap with them to another home.
For Florida Halfbacks who are stuck with a home for sale in Florida’s sluggish real estate market and need to sell it to find their home in the mountains, these proposed tax breaks may well jump start Florida home sales. Buyers within Florida will have assurance of property tax breaks and are likely to get the market moving again, allowing Florida Halfback sellers the opportunity they are waiting for in the mountains!
Also keeping Floridian’s interest in the value of the Euro and the Canadian dollar compared to the U.S. dollar. Favorable conditions for foreigners may also prompt real estate sales.
No comments:
Post a Comment