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02-22-2007, 07:22 AM
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Senior Member
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Join Date: Feb 2007
Location: In Mike And Lisa World:)
4,565 posts, read 3,492,211 times
Reputation: 16754
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getting too expensive to live?
In addition to rising insurance and property taxes the state now wants to raise the sales tax to 9%. I just read this in yestardays Ocala newspaper.
In addition to that there are concerns Florida will run out of water in the next
20 years. Problems with the aquafers. I don't know the details but that was
in the paper a couple of days ago.
Florida does not sound like the place to be.
Lisa
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02-22-2007, 07:39 AM
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Straight Shooter
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Join Date: Apr 2006
1,609 posts, read 2,762,539 times
Reputation: 523
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You must have misread. If the sales tax goes up (to 8.5 percent) then they are going to do away with property taxes for those that are residents. So you wouldn't be paying property taxes, just a higher sales tax on purchases.
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02-22-2007, 07:55 AM
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Senior Member
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Join Date: Feb 2007
Location: In Mike And Lisa World:)
4,565 posts, read 3,492,211 times
Reputation: 16754
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There is no way that Florida can afford to give up their revenues from property taxes. Florida made the highest property tax revenues in the past few years, due to rising home prices, and Florida counties are still crying the
blues.
They will NEVER give those up. Even with higher sales tax they cannot make enough money.
You never get anything for free. If it sounds too good to be true, IT IS.
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02-22-2007, 08:43 AM
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Straight Shooter
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Join Date: Apr 2006
1,609 posts, read 2,762,539 times
Reputation: 523
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Quote:
Originally Posted by younglisa7
There is no way that Florida can afford to give up their revenues from property taxes. Florida made the highest property tax revenues in the past few years, due to rising home prices, and Florida counties are still crying the
blues.
They will NEVER give those up. Even with higher sales tax they cannot make enough money.
You never get anything for free. If it sounds too good to be true, IT IS.
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I agree. It's not likely to happen. But any reduction in property taxes will be welcomed. |
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02-22-2007, 11:51 AM
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Senior Member
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Join Date: Oct 2006
1,775 posts, read 2,311,342 times
Reputation: 637
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well what about those people who rent? I own a home so it won't affect me but i know some elderly people who rent and don't worry about the property tax but then again, they still have to pay up with the tax increase. That's not fair to them either.
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02-22-2007, 12:45 PM
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Bohemian Beauty
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Join Date: Jan 2007
3,164 posts, read 2,967,006 times
Reputation: 1010
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Quote:
Originally Posted by younglisa7
In addition to rising insurance and property taxes the state now wants to raise the sales tax to 9%. I just read this in yestardays Ocala newspaper.
In addition to that there are concerns Florida will run out of water in the next
20 years. Problems with the aquafers. I don't know the details but that was
in the paper a couple of days ago.
Florida does not sound like the place to be.
Lisa
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Florida has been running out of water for years. Several years ago, we were in a drought, for several years and were under SEVERE water restrictions. The Tampa area even started a "tiered price structure" based on water use, and water is very expensive. Counties like Pinellas have NO water of their own and pump out Pasco's water. Now that Pasco has a lot of development of it's own, there is starting to be problems here, too. This has been a big worry of mine for years with Florida. Even after all the hurricanes in 2004, the aquifers were STILL too low! I don't understand why our goverment does not address this. They allow the wanton development, yet we are running short of our most basic resources.
And - the worst problems are and will be in South Florida which has the most population, and less resources to begin with.
At any rate, I don't see property taxes going away - Florida is going to need some major bucks to fix some of these infrastructure problems.
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02-22-2007, 12:49 PM
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Member
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Join Date: Jul 2006
16 posts, read 39,621 times
Reputation: 12
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As a lanlord, I can tell you that you are paying property taxes. Part of the reason that rents went up is because property taxes did. Now whether they go down or not if the property taxes go down is another question. But I can say that the only reason I had to raise what I charge my tennant in the past 2 years is because of my taxes nearly doubling.
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02-22-2007, 01:59 PM
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Senior Member
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Join Date: Aug 2006
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 4,247,374 times
Reputation: 644
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I agree, I highly doubt FL can do away with property taxes. A raise to 8.5% sales tax wont even come close to enough. I can see the exemption being raised to $50k but this is little relief when houses cost so much.
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02-22-2007, 08:33 PM
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Banned
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Join Date: Feb 2007
8 posts
Reputation: 10
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Quote:
Originally Posted by younglisa7
In addition to rising insurance and property taxes the state now wants to raise the sales tax to 9%. I just read this in yestardays Ocala newspaper.
In addition to that there are concerns Florida will run out of water in the next
20 years. Problems with the aquafers. I don't know the details but that was
in the paper a couple of days ago.
Florida does not sound like the place to be.
Lisa
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Want really insane taxes and costs of living? Try Du Page County, Illinois!!    |
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02-23-2007, 07:54 AM
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Member
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Join Date: Feb 2007
20 posts, read 33,449 times
Reputation: 21
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Quote:
Originally Posted by joker
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...or San Francisco, or San Diego, or Santa Barbara or Santa Monica or 'bout anyplace with a San or Santa. |
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