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.