Lawmakers approved a proposed constitutional ammendment that, if approved by voters in November 2012, would reduce the yearly assessment cap on a non-homesteaded home from 10% to 5%. This is very helpful to homeowner's of second homes to keep their property taxes low.
This ammendment also will give anyone who has not had a homestead expemption in Florida for three years a property tax discount of 50% of the home's assessed value (not to exceed the median home price in the county in which it is located.
These tax incentives for investors and homeowners could speed Florida's economic recover.
For more information on Southwest Florida please contact Deanna Sydlosky at 239-404-7471
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