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Florida Homeowners on Amendment 4 -What’s your Take?

Perhaps you are not deeply involved with your local politics and that’s OK, I can understand that. A busy schedule and hectic work day don’t leave much time for anything else. If you’re like me just getting a solid 8 is a small miracle. Sometimes we need to make time for something even if we can’t and this is one of those times.

If you are not familiar with Amendment 4 please allow me to sum it up for you. This amendment proposes to do 3 very important things for business owners as well as anyone buying their first home.

1. Limit the increase in assessed values for commercial property,

2. Limit the maximum tax rate for commercial property.

3. Provide a tax break for first time home buyers including  anyone who has not had a homestead exemption in the past 3 years.

Seems pretty simple to me so what’s all the confusion about? Do business owners actually want to pay more of their hard earned dollars in taxes? Does a first time home buyer deserve additional tax liability when they need every possible dollar to finally get into that first home? Is it wise to raise taxes when even our national economy is in crisis? Think about it my friend; stimulating the local economy is best done by putting more money into the pockets of people, not taking it out. For me, it’s as simple as 1, 2, 3. So, what’s your take?

 

 

 

 

 

 

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These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

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