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Property Taxes Hurting Low-Income Homebuyers

December 19th, 2007 by flanews

Advocates who help first-time and low-income home buyers will be watching next months property tax vote closely. The plan allows homeowners to take their Save Our Homes benefit when they move. It also doubles the homestead exemption. Groups like Habitat for Humanity say any relief is better than none at all.

Im sure the homestead exemption is going to be beefed up, which certainly applies to every homeowner that were providing houses to,” said Eddie Bass, with Big Bend Habitat for Humanity. “Theyre first-time homeowners. So its extremely important. Our homeowners are partners for 30 years. A 30 year mortgage is a lifetime, really. So certainly the property tax cuts will help them for years and years to come.

6 in 10 voters have to approve the property tax cut on January 29th for the amendment to become law.

Posted in Elections, Property Taxes, State News, Voting | No Comments »

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