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‘Will the Tax Cap Expire?’

  • Thu Aug 31 2017, 12:23 pm
By James D. York, PA

February 24, 2017

 

‘Will the Tax Cap Expire?’

 

By James D. York, P.A.

A property tax cap, part of the “Save Our Homes” Florida constitutional amendment that passed in January 2008, is due to expire in less than two years. Florida Realtors® have developed a new web tool to show what that could mean to property owners. The current 10% cap on non-homestead property tax increases benefits second-home owners and small businesses.

According to Carrie O’Rourke, VP for Florida Realtors® public policy, "This 10 percent cap is an essential safeguard for many business and second homeowners around the state who used to live in fear of excessive property tax assessments.  Without it, they never know if they are going to be hit with a tax bill they cannot cover. The 2008 amendment provided much-needed relief. It is time to make it permanent for property owners."

Skyrocketing tax bills resulted before 2008 if a property received an appraisal that was significantly higher than the previous one. The new tool gives users an easy way to see how many properties could face dramatic increases should the cap expire as scheduled on January 1, 2019—see at http://protectthecap.com.  A group of business trade associations is pushing for the passage of a bill to make the cap permanent in 2018. Just give us a call with your questions and concerns.  239-273-6727.

Connect With York Real Estate Group

Website: www.NaplesYorkRealEstate.com  

Blog: www.YorkRealEstateGroupSWFL.com

Facebook: YorkRealEsateGroup                

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Twitter:@JimYorkNaples 

Linkedin:JamesYork

YouTube:YouTube.com/JimYorkNaplesRealEstate  

             

York Real Estate Group consists of James, Michael, and Morgan York, Florida Realtors with Downing-Frye Realty. James York is the winner of the prestigious 2014 and 2015 SWFL People’s Choice Realtor Award. The group has over 25 years combined experience and over $275 million in sales transactions.  Visit The York Group website at www.naplesyorkrealestate.com for all current MLS listings of houses for sale in Naples, Marco, Bonita, and Estero. If you have other questions, the York’s invite you to email or call them at JYorkinFL@cs.com or 239-273-6727.

         

BR Logo The data relating to real estate for sale on this Website comes in part from the Broker Reciprocity Program (BR Program) of these sources: M.L.S. of Naples, Inc., Bonita Springs-Estero Association of REALTORS®, Southwest Florida MLS (Gulf Coast), My Florida Regional MLS DBA Stellar MLS, Sanibel and Captiva Island Association of Realtors®. Properties listed with brokerage firms other than Featured Home Listings are marked with the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The data is updated every 4 hours, but can be influenced by delays from various real estate companies entering data in MLS. Some properties that appear for sale on this website may subsequently have sold or may otherwise no longer be available. All properties are subject to price or other changes without notice. For the most current information, please contact us using this form, or click on the "Request Info or Appointment" button on the search results and detailed property pages.

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