I’ve written in the past about the Florida homeowners insurance problems, and now another financial issue facing homeowners is going to be addressed. Florida legislators have announced that they will conduct a series of Town Hall meetings to hear ideas on the current property tax problems.Â
Some ideas currently making the rounds include the increase of the $25,000 homestead exemption along with the portability of the property tax cap (which caps property tax increases to 3% in a given year). Guess who is opposing these? Local city and county governments, whose budgets have soared in recent years with the increase of property taxes. But Florida legislators are clearly interested in changing Florida’s reliance on property taxes. These include a state income tax (which reportedly is off the table), or a dramatic cut in property taxes with an increase in utility fees.  I’ve even read some suggestions of making a state wide sales tax. These meetings ought to be very interesting and most likely, well attended.Â
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