On January 29 we all have a chance to make the tax situation better in the great state of Florida by voting yes on Amendment 1. Now this may not be the relief we were expecting but it certainly is a nice first step. After this passes we can then move toward more of what we want.
The politicians have certainly found a way to do absolutely nothing but again, lets take what we can get and then push for more. These tax issues are difficult and will only be solved over time because there are so many different agendas involved. I certainly hope the politicians keep working before more people decide to leave Florida for other destinations. Below are the benefits we will receive if Amendment 1 passes.
1. The Homestead Exemption will go up to $50,000. The second $25,000 will not apply to school taxes.
2. Portability will go into effect and will allow people to move and not have a drastic change on their tax bill. This will also be retroactive to January 1, 2007.
3. Non-Homesteaded property will receive a 10% assessment cap for the next 10 years.
4. Businesses will get to exempt $25,000 in taxes for tangible property such as office equipment.
Vote yes for Amendment One.
For more information visit the link below.
www.co.palm-beach.fl.us/papa/index.htm
