| Tampa Bay is an area that is full to the brim with | | | | as well as replace the "Save Our Homes" tax plan |
| amazing homes and with new homes being built all the | | | | already in place. The greatest value in this new deal |
| time there is pretty much an endless selection to | | | | will be home owners whose home value is in the 200 |
| choose from. However, this may be a moot point as | | | | to 300k range. These home owners should see a |
| the newly proposed property tax laws may severely | | | | significant decrease in their property taxes. However in |
| affect the average home owner's ability to purchase a | | | | areas like Tampa where homes are starting in the |
| new home in the Tampa area. This reality could have | | | | $400K range it really does not seem that the new tax |
| some fairly alarming effects on both the real estate | | | | law will have any positive impact. |
| and business sectors as both have a huge and vested | | | | It would appear that a 60% vote by Florida voters is |
| interest in the success of Tampa's home sales. This | | | | needed in order for this bill to pass into law. Now, the |
| will also have a huge effect on who is able to | | | | question is is this going to happen? Current opinion is |
| purchase homes as with property taxes on the | | | | that the bill will not pass with the percentage that it |
| upswing it seems likely that the large yearly cost may | | | | requires and that the government need to rethink the |
| cause some buyers to shy away from home | | | | approach to the problem of high property taxes. The |
| ownership. Let's have a closer look at exactly what | | | | question that home owners should be asking is why |
| this proposed property tax bill will mean to home | | | | are the taxes as high as they are in the first place? |
| owners and interested home buyers if it does in fact | | | | And what can reasonably be done about the |
| get passed. | | | | situation? It is apparent that a revamping of the |
| The first amendment that is up for consideration is a | | | | property tax structure is indeed in order and the |
| homestead exemption of $50K to $195K. The idea is | | | | proposed law only scratches the surface of what |
| that this will replace the current homestead exemption | | | | really needs to be done. |