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‘Higher values’ don’t mean ‘higher property taxes’
July 9, 2014
Daytona Beach News-Journal
Published: Wednesday, July 9, 2014 at 5:30 a.m.
Last Modified: Tuesday, July 8, 2014 at 6:44 p.m.

Florida law states that “higher values” do not mean “higher property taxes.” I’m getting more questions than usual this year and seeing taxing authority officials saying some things that appear contrary to law, such as, “The real estate recovery means we will have more money available this year.” That’s not true. The only way your property taxes (their revenue) go up is if your taxing authorities increase their budgets or take advantage of the mandated Save Our Homes increase (1.5 percent this year for homesteaded property). It’s important to understand that higher taxes are not about “the value” or “the millage (tax) rate,” they’re about the budget.

 
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