Harbor Hills Country Club

Harbor Hills Country Club latest news and event information on Central Florida's finest luxury home golf course community.

Monday, June 11, 2007

State of Florida to Dramatically Cut Property Taxes!

Florida lawmakers have agreed to a $31.6 billion tax relief package. The plan will be phased in over the next five years and is highlighted by what is being called a super-exemption on your homestead.

For example, a homeowner whose primary residence that has a taxable value of $400,000 currently pays approximately 1.6% of $375,000 in annual property taxes or approximately $6000. Under the new plan the same homeowner can take a $180,000 exemption and pay approximately 1.6% of $220,000 or $3520, a savings of $2480 (roughly 40%). The new plan would implement a sliding scale based on the value of your home. Please see the linked article in the Orlando Sentinel for additional details.


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