June 15th, 2007 11:20 AM by Alan Martin
Dear Property Tax Reform Supporter:
Yesterday the Legislature passed a historic property tax relief and reform package that will cut property taxes for property owners in Florida by almost $32 billion dollars statewide over the next five years.
We have a simple message for Florida’s property owners: help is on the way. The $32 billion dollars in relief will make a real difference in the lives of Floridians – this isn’t just a first step forward, it is the first giant leap forward – still, I believe more can be done. There is more waste that can be cut from government, government can provide greater value to the taxpayers, there are more taxpayer protections that must be put in place, and there are greater tax savings that this Legislature can provide to Floridians.
The centerpiece of the plan is the constitutional amendment that Florida voters will vote on January 29, 2008. House Joint Resolution 3B will provide the greatest savings for Florida’s homeowners by creating a “Super Homestead” exemption which will provide an average 44% reduction on most home-owners tax bills. The constitutional amendment eliminates inequities in our current property tax system, provides Tangible Personal Property (TPP) tax relief to Florida’s businesses and eliminates 77% - more than $1 million – of Florida’s small businesses from the TPP tax rolls, helps businesses by pumping more money into our economy, and helps non-homestead owners by lowering the barriers to homeownership, and lets property owners choose how their homes will be taxed in the future.
The property tax relief and reform package approved yesterday also includes a statutory tax relief bill, House Bill 1B, that will immediately cut taxes and cap future tax increases for all property owners; limit local governments’ ability to unnecessarily raise taxes in the future; and provide immediate savings to homeowners, second homeowners, and commercial property owners.
The only limits to our future success as a state are the unfair limits government applies to our people through unnecessary taxation – it will be the charge of the House of Representatives, as long as I preside over it, to destroy those barriers to prosperity.
Speaker, Florida House of Representatives
The bills approved yesterday:
HJR 3B by Representative Cannon “Property Tax: Constitutional Relief & Reform”
The savings by property type in 2008 are:
HB 1B by Representative Attkisson “Property Tax: Immediate Statutory Relief”