[macguy]

Originally Posted by FL_TN_Nana

Apparently the answer to your question is "not much." The Orlando Sentinel reports today that legislators say homeowners will average a whopping $174 savings....I cannot believe there's been all this hoopla over such a small amount. And the way things are going, there's no way that vote in January is going to pass.

Taxes could drop, but maybe not as much as you'd hoped - Orlando Sentinel : State News Taxes could drop, but maybe not as much as you'd hoped - Orlando Sentinel : State News

http://www.sun-sentinel.com/news/loc...home-headlines

[tallrick]

I am fed up. This October I will be petitioning the VAB, but I know what the result will be. This is going to be that last straw. Life isn't worth this fighting when nobody does anything. Short of a hurricane, I think Florida is lost.

[pianogal]

Originally Posted by macguy

You have I assume SOH but many people who bought property paid more then it is even worth today or it took a couple of years for SOH to kick in and they got caught in the middle.

Yeap...that's what happened to me...closed in January of '05. SOH didn't kick in until THIS year, so I got hit with the huge increases of '05 and '06! I should be paying almost half of what I'm currently paying based on the value of my home at purchase. I'm paying twice as much for it's value ON PAPER!

[Mike Peterson]

Baynews9 Reports

The state House and Senate have passed bills designed to lower property taxes statewide.

The action came during the special session on property taxes, which ended after just three days.

Lawmakers passed two bills that would lower property taxes by more than $30 billion over five years.

The House and Senate both passed an amendment that would lower taxes back to 2005 levels. They also passed an amendment that would rescind the Save Our Homes cap and replace it with a Super Homestead exemption.

Voters will eventually have the opportunity to decide which, if either, amendment to approve. That vote is tentatively set for Jan. 9, 2008.

Under the proposals, state education would lose about $7 billion a year. Lawmakers did not decide how to restore that money, although they have pledged to do so.

[kort677]

Originally Posted by riveree

If they were to reassess my property now, I would be in bad shape - I would be paying MORE taxes, not LESS.......sorry Macguy, I vote against your proposal .

real estate markets are local, where you are in JAX has been doing ok through this mess, places in SFLA and the west coast have been getting hammered and those people whose values have dipped alot, 20%+, should get reassessed for tax purposes, people like you whose homes have held steady or gone up cannot do this

[Dee2e]

If the tax bill passes, according to the Orlando Sentinel's calculators, I'll save a big $61.58 property tax. What should I do with all that money????

[Dee2e]

Originally Posted by pianogal

Yeap...that's what happened to me...closed in January of '05. SOH didn't kick in until THIS year, so I got hit with the huge increases of '05 and '06! I should be paying almost half of what I'm currently paying based on the value of my home at purchase. I'm paying twice as much for it's value ON PAPER!

You were assessed on the purchase price of the home.

[Dee2e]

Originally Posted by tallrick

I am fed up. This October I will be petitioning the VAB, but I know what the result will be. This is going to be that last straw. Life isn't worth this fighting when nobody does anything. Short of a hurricane, I think Florida is lost.

I have to ask......how will a hurricane prove helpful?

[kort677]

Originally Posted by Dee2e

I have to ask......how will a hurricane prove helpful?

ugh don't rattle the cage! he hopes every house in FLA gets wiped out by a storm so he can buy all the property he can't afford for a penny on the dollar.

[riveree]

Originally Posted by kort677

real estate markets are local, where you are in JAX has been doing ok through this mess, places in SFLA and the west coast have been getting hammered and those people whose values have dipped alot, 20%+, should get reassessed for tax purposes, people like you whose homes have held steady or gone up cannot do this

Exactly. A reassement across the board will hurt some people - it is not an answer for everyone in Florida.