[Richard Charles Antolinez]

"Save the dream II" is a plan that pays all or part of the tax bills for Florida home owners and others. The sales tax would go up 3% and every citizen or non citizen would share the burden of paying for the services that the city and county provide such as schools, fire, police, etc. Also a 3% property sales tax would apply just for non homestead tax bills, but would have an exemption for buyers that homestead or if the tax has been paid in the last two years. Take a look and sit in the seats of the real estate broker, the banks, the tax man, the home owner, the renter, the schools, the police, the business owner and the home buyer, think about it.

"Save the dream II"

Mitigate or reduce the property tax by means of implementing the following.

1.) Increase the state sales tax throughout the state by 3% for purchases not exempt under state law.

2.) All of the revenue from the 3% sales tax increase collected stays in a state escrow account to pay to the actual individual account bill sent out by the tax collector for tax, as set fourth here.

3.) This new state sales tax rate of 9% will be even throughout Florida.

4.) Enact a new tax on the sale of real estate of 3% of the purchase price excluding buyers that will homestead.

5.) This tax of 3% shall apply to the sale of real estate that will not be homesteaded, the tax will be known as "Mitigation tax".

6.) All of the" Mitigation tax" goes to the state escrow account for payment of individual property tax accounts non homestead.

7.) The tax must be included in the purchase price, and paid when the deed is filed unless buyer signs an affidavit of future homestead eligibility and buyers that don‘t get homestead after this must pay a fine and the tax.

8.) All properties other than homestead will have a tax credit in the amount of the "Mitigation tax" paid, for two years after "Mitigation tax" is paid, to give the property temporary intrinsic value.
Example:
A: Your purchase price $200,000.00, "Mitigation tax" paid $6,000.00.
B: Same property sold within two years $250,000.00.
C: $250,000.00 sale, 3% "Mitigation tax" owed $7,500.00.
D: $6,000.00 credit.
F: $1,500.00 owed after credit is applied.

9.) The following is the only way revenue is to distribute:

First: The total revenue collected will be divided in equal amounts between all homesteaded properties for the payment to each actual individual account bill sent out by the tax collector for tax, payment not to exceed the actual tax bill or up to a $15,000 limit per bill. If there is not enough money available to pay all the bills up to a $15,000 limit per bill , those that are smaller than the maximum available payment will be marked "paid in full" and all the others will show the same equal payment and will be marked "partial payment of $ amount". All of this will take place before property taxpayers get their bills, and their bills will show the payment made.

Second: The remaining revenue if available and the "Mitigation tax" revenue will be divided equally for the payment of all tax on property not homesteaded and to each actual individual account bill sent out by the tax collector for tax, payment not to exceed the actual tax bill or up to a $15,000 limit per bill. If there is not enough money available to pay all the bills up to a $15,000 limit per bill , those that are smaller than the maximum available payment will be marked "paid in full" and all the others will show the same equal payment and will be marked "partial payment of $ amount". All of this will take place before property taxpayers get their bills, and their bills will show the payment made.
Third: Any remaining revenue will be held in the escrow account for the next year.

10.) This revenue belongs to the citizens of Florida, and shall not be used in any other way, other than outlined here, except by Constitutional Amendment thru and voted on in a general election or the state can be held liable and subject to lawsuit by the property owners of Florida!

Just some facts.

1. Homesteaded properties pay 34% of total property tax collected in Florida.

2. “SAVE THE DREAM” would raise state sales tax 3% to for a total of 9%. If a sales tax is to replace all property tax bills in the state of Florida, the state sales tax would have to be increased to 14%, my plan is much lower.

[tallrick]

What about those of us who purchased properties before this goes into effect? I have supported a tax system based on original purchase price, with taxes collected yearly on that value with inflation added percentages. Homestead should be a percentage of home value, and low income rental properties should be eligible for a tax breal equivalent to a percentage of income. If there's a budget shortfall just cut the spending. How did they do it in the past? Still I like to see someone actually making calculations on how to fix the broken tax system.

[Richard Charles Antolinez]

Under this system if you puchased $500,000.00 house and you homesteaded it when you get the $12,500.00 annual tax bill it would be marked "Paid In Full".

[Need_affordable_home]

Theres "save our homes" that caps property taxes artifically low and the first time buyers are paying for it. I think many states have that. Its not fair for first time buyers! I say we lower property taxes but do away with "save our homes" so everyone pays equally

[tallrick]

I am interested to see your plan. Under my plan that 500,000.00 house would just have to sell for less, like 3x median income! The wealthy would have to pay more under my plan, but it's 100% fair and simple to implement, no wonder it won't pass. It also would benefit long time residents and those who build their own homes.

Under my plan that 500,000 home would pay 5,000 or so in taxes, which is very fair for a mansion like that..LOL! I would be paying a fair amount as there's only 60,000 I paid for my lots, home and everything. With the rate of inflation it's like 110,000 now, so my taxes would be like 900.00 a year. No save our homes c rap no unfair taxation, and if they can't meet the budget, be more efficient as us businesses have had to! If you've got a serious reform going count me in, I want to fix Florida before I have to abandon it!

[Richard Charles Antolinez]

SEND ME AN EMAIL ADDRESS BECAUSE IT IS TO DETAILED TO POST;MY EMAIL:nativegator@msn.com

[CURT]

Originally Posted by Need_affordable_home

Theres "save our homes" that caps property taxes artifically low and the first time buyers are paying for it. I think many states have that. Its not fair for first time buyers! I say we lower property taxes but do away with "save our homes" so everyone pays equally

its not just first time buyers. there are many people who purchased a "starter" home (the way it used to be done) and are having families and need to move to a bigger house, etc. the homestead does not carry over.

[pianogal]

ts not just first time buyers. there are many people who purchased a "starter" home (the way it used to be done) and are having families and need to move to a bigger house, etc. the homestead does not carry over.

And on the reverse side there are some of us who will be looking to downsize in a few years when we retire. We don't need to cool and keep up a 3200 square foot home in retirement, but will we be able to afford to move to that 1800 square foot home or will the taxes be prohibitive and cause us to be 'prisoners' in our current home?

[totsuka]

Wouldn't it be a better idea for local and state government to cut spending?. I think there was a 1 billion dollar surplus last year, but there was not
discussion of cutting spending. Why keep raising taxes?. I think a better
idea is pass a law that local and state government can't spend more than
the rate of inflation and any excess be returned to the homeowners.

[DOGG]

I Just Don't Think This Guy Gets It Every One Is Happy, We Don't Need Tax Reform.