The Debate on the Florida Property Tax Cut Plan

By: Mike Vasilinda
By: Mike Vasilinda

By Mike Vasilinda

Florida voters will have to decide if they like their current homestead exemption or want to switch to something different. After lengthy debate, lawmakers are offering the choices of a so called super-sized exemption, which is 75 percent of the first 200 thousand dollars of a home’’s value. “And from 200 thousand dollars and above to 500 thousand dollars, 15 percent would be exempted…… the idea being that we want to help those people who have been hardest hit,” said Sen. Mike Haridopolos (R-Brevard County).

But if homeowners decide they like the current save our homes cap……they can keep it instead. Democrats called the idea the biggest cut to education, police and fire service in the state’’s history.
“There have been too many politicians telling the voters they can have deep, deep tax cuts and that it will not in any way affect services.
That is not an accurate statement,” said Sen. Steve Geller ( D-Hallandale Beach)

Only lukewarm applause greeted the vote.
These votes……rather than being the end of the debate…… will be just the beginning. Before any change can take effect, voters will have to say okay.
Sen. Alex Villalobos (R-Miami) says everyone should check with their accountant before deciding how to vote, “This is your home…… and your tax situation.And if this changes, is it gonna be better or worse.”

The plan doesn’t help those who were screaming the loudest renters and the owners of second homes.

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