Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 34
Capitol News Service » Blog Archive » Rental Owners Weigh in on Property Tax Cut Plan

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • Charles Baudelaire
    "Everything that is beautiful and noble is the product of reason and calculation."
  • Wilson Mizner
    "The best way to keep your friends is not to give them away."
  • Benjamin Disraeli
    "Silence is the mother of truth."
  • H. Jackson Brown, Jr.
    "Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness."

Rental Owners Weigh in on Property Tax Cut Plan

October 30th, 2007 by flanews

In January, voters will decide whether they want to change Florida’s property tax law.  Part of the plan includes a 10 percent annual limit on property taxes for second homes and businesses.  As Chris Casquejo tells us, one rental property owner says the change will help him stay in business.

Hear it here: Rental Owners on Property Tax Cut Plan

Steven Profitt is sprucing up his Tallahassee townhouse with hopes of renting it in December.   Since he bought it 2003, he’s seen his property taxes go up each year.  He believes a 10 percent cap on future increases will help keep him from selling the place.

“I’ll take any dollar saving any day,” Profitt said.  “I’m sure anybody would.  Whether it’s 20 dollars, 30 dollars, I’ll take any penny saved.”

For Steven, what he pays for his mortgage equals what he gets in rent.  If he raised the rent, he wouldn’t find any takers.

And if he gets the $725 a month he’s asking, it will not cover insurance and taxes.

“You add on insurance increases over the last few years too, and you’re always behind,” he said. “That’s the situation I’m at here.”

Profitt stood next to Governor Charlie Crist at the Capitol Tuesday morning. Crist is taking the pitch to change property tax laws to voters statewide.

“The rental properties help him save money to save for retirement,” Gov. Crist said.

Steven Profitt hopes lawmakers are just getting started.

“I think this is a step in the right direction and I’m proud to be part of it,” he said.

And he believes voters will pass the amendment, and help keep homeowners like him in the rental business.

60 percent of voters have to approve the property tax cut amendment on January 29th.

Posted in Amendments, Charlie Crist, Politics, Property Taxes, State News | 1 Comment »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com