Friday, October 19, 2007

State of De Nial

Florida is now scrambling to reduce property taxes and the cost of homeowner's insurance. Over the summer, Gov. Charlie Crist signed a bill to roll back property taxes to last year's level. Next year, Floridians could vote on a constitutional amendment that would lower property taxes by increasing the tax exemption given to permanent residents. "Is Florida Over?" WSJ

So the counties, in a panic, are making sure property values go ever higher to offset any reductions.

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