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Old 12-31-2006, 10:02 AM
 
38 posts, read 136,764 times
Reputation: 39

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[CENTER]"Save The Dream II"
[/CENTER]
Property tax relief is crucial for all Floridian’s and part time residents. Take a look and sit in the seats of the homeowner, the home buyer, the renter, the tax man, the business owner, real estate broker, the banker, the school district, the blue collar worker, the retired residents on fixed income, the builder, and the county, think about it.

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. [/SIZE]

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!

AUTHER: RICHARD CHARLES ANTOLINEZ, P.O. BOX 7256, JUPITER FL, 33468 OR EMAIL:NATIVEGATOR@MSN.COM

Last edited by Richard Charles Antolinez; 12-31-2006 at 10:14 AM.. Reason: typo

 
Old 02-22-2007, 08:25 PM
 
8 posts, read 24,708 times
Reputation: 11
This Sounds Interesting.
Closed Thread


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