Pensacola Fishing Forum banner

1 - 12 of 12 Posts

·
Registered
Joined
·
4,227 Posts
Discussion Starter #1
<DIV align=left>October 30, 2007</DIV></DIV>Dear Friends,</DIV></DIV>Today is a great day for Florida?s homeowners. The great Florida Legislature has given the people the opportunity to create a historic $12 billion property-tax cut. This tax relief is in addition to the $15 billion tax cut passed earlier this summer. Together, they add up to $27 billion in property-tax cuts over five years. I believe Florida?s homeowners will agree ? that?s good news for Floridians.</DIV></DIV>Lt. Governor Kottkamp and I visited today with homeowners who will benefit from this additional property tax relief. In Tallahassee, Jacksonville, Orlando and Port St. Lucie, we heard how people have felt locked in their homes because of skyrocketing property taxes. This is the same message I have heard as I travel throughout the state.</DIV></DIV>All over this state, retirees and ?empty nesters? have been reluctant to buy smaller homes. Growing families have held back on buying bigger homes. People have lost the freedom to make the most basic choices about their lives because of high property taxes. Now, with this tax cut, if you want to move to another home, you will be able to take your tax savings with you. The transfer, or portability, of Save Our Homes will cut the assessed value of your new homestead ? in many cases, by about half, depending on how long you have lived in your current home. </DIV></DIV>In addition to helping homeowners who want to move, others will benefit, too. Doubling the homestead exemption will help everyone. Businesses will receive a new $25,000 exemption for tangible personal property, which will create an even better bottom line for our state. People who own second homes will be able to better predict property-tax costs because their property taxes will never increase by more than 10 percent.</DIV></DIV>The tax-cut package put together by the Legislature is a good one that will help jumpstart Florida?s housing market and make Florida even more business friendly. Their work ensures that you ? the people of Florida ? will have the opportunity to lower property taxes even more. You have the opportunity to vote three months from today ? on January 29<SUP>th</SUP>. Now, the choice is up to you. </DIV></DIV>Usually when we hold a signing ceremony, a bill becomes law. However, the legislation I signed today is different. Instead of creating a law, it gives you the choice to cut property taxes. I congratulate the Legislature for their bold leadership and determination to pass property-tax cuts. However, what they have done represents only the first step. The power to cut property taxes is now in your hands. Today is a great day for you, people of Florida ? our bosses, but your approval of additional tax cuts could make January 29<SUP>th</SUP> an even better day.</DIV></DIV></DIV>May God continue to bless you and the great state of Florida,</DIV>
</DIV></DIV></DIV>
 

·
Registered
Joined
·
724 Posts
ididnt read it all, but where is the 27 BILLION bucks coming from? they already have either a 1 or 11 billion dollar deficit this year!! so just where do you think that a decrease will actually take place? they are already cutting healthcare benefits and others just to make up this years shortfall. of course this info i am just repeating out of what i remember from our local mullet wrapper.
 

·
Registered
Joined
·
4,227 Posts
Discussion Starter #4
I read this a couple of times and some of it sounds good, BUT why is my a## starting to hurt???????????? The normal $25k in homestead is about the <SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">equivalent to $510 dollars a year. Please correct me if I'm wrong. $510 a year puts about $42.50 back in my pocket a month. Is $42.50 a month going to help me when Whitehead and the crew has figured out that they can leave the value the same, but bump the millage up? I am not sure if this is the answer, but it would seem that those long gone days of living in our little piece of paradise are gone forever. Just some thoughts. T
 

·
Registered
Joined
·
119 Posts
I'll take a tax reduction anytime I can get it! As for cutting health care benefits, I don't owe anybody health care benefits. I work for mine.
 

·
Registered
Joined
·
802 Posts
And when all his "eco friendly" laws and regulationsabout producing power come in to affect in the next two years, our power bills will all double. Shaking hands with one hand and reaching inour backpocket with the other.
 

·
Registered
Joined
·
117 Posts
This tax cut will help some, but if you think about the long run it may actually hurt more than it helps. Think about all the services we depend on WHEN WE NEED THEM, police, firefighters, and paramedics to name some big ones. Yes we do not rely on their services every day, and yes we get aggervated when a police officer writes us a ticket, when we miss a traffic light because of a fire truck or ambulance, but when you need help who do you call? When you come home to find a family member not breathing, who do you call? What if there are less police officers, firefighters, and paramedics on the road because cities and counties cannot afford to pay to keep stations up or to pay everyone salary? So now you have a family member who is not breathing and the nearest ambulance is 20 miles away on the other side of town, who are you going to get mad at? If you have a intruder breaking into your vehicle at 4am, you call 911 and the nearest police officer is 10 miles away dealing with another situation, who are you going to be mad at?

These are just a few things to think about when you cut taxes, taxes pay for public services, I am not talking about just the librarys, parks, recreation facilities, and stuff like that. I am talking about the services that one rarely thinks about until they really need them NOW!!!

So here is another thought, you have fire stations that are no longer staffed 24 hours a day 7 days a week due to budget cuts, the fire hydrants are not maintained and kept in working order, the roads are not being maintained as well, less ambulanceson the road in the counties,and less law enforcement officers to patrol the streets.(All due to less people on payroll to provide these services) Now what happens, well since your fire hydrants are not tested and maintained, and the fire departments lose their good insurance ratings, then your homeowners insurance goes sky-rocketing.

Yes I am a little bias because of my profession, but I am just trying to help some people see the other side of the picture. I am all about lowering taxes, but do you really want to lose some of the services that taxes fund?

Just a thought to think about.

Tom
 

·
Registered
Joined
·
1,464 Posts
I don't know guys. I still stand by my position that all the tax reform in the world want amount to a hill of beans if the government doesn't lower its budget. If the budget remains the same, then tax load will remain the same, maybe shifted, but it will be the same.

Meaningful reform would be a mandate to cut budgets, not property taxes.
 

·
Praedator
Joined
·
9,975 Posts
I agree that services are needed etc... etc... Here is my issue with the way government has come to use our taxes. The homestead exemption as it stands today was put into the Florida Constitution in 1980. Yes 1980. It was a big deal back then and it was said back then that the public services were going to all go down the drain when the exemption went from 10K to 25K. But they didn't.And for almost 30 years the exemption has remained the same while home prices and tax bankrolls have increased dramatically and beyond what is needed to run an EFFICIENT government. Governments do grow due to population growth etc... But, they are supposed to grow within their means and not rape their local residents just because they can and the money is there. The increase of the homestead exemption is way overdue if you ask me.

When I moved last year, I basically doubled the value of house that I got into compared to the old house. So shouldn't my tax burden just about double as well. Nope, due to loosing my 3% cap I had on the old house, my taxes more than doubled and I was paying almost $600 more a year than the same house down the street. Now when I say the same house, I meant the same house. Same floor plan, same amount of land etc... So whether you make the Save Our Homes portable or create some other more equal footing tax system where people are not paying different amounts for the same tangible piece of property, something needs to be done in that area of our tax system.

I personally feel that we should do away with continuing property taxes and paya sales tax up front on a home. That way once your house is payed off, it's yours and no government can hold taxes over your head and have the possibility to take your home because you haven't paid your taxes. A $200K home would have $15K rolled into the price of a home andbe done with it. Now there are those that say that it will price people out of gettinghomes.

Here is some math. A 200K homewith a 7.5% sales tax will add 15K to a home. The monthly mortgage+intrest at 6.5% for 200K is $1264.14.At 215K, the mortgage payment is $1358.95. With a difference of $94.81 per month if taxes are taken at the time of purchase. I can tell you that the taxes that you pay into escrow for a 200k house are going to be about $160 per month as of right now. So it is actually cheaper to pay a tax up front instead of continuing property taxes. Think about it, we pay taxes for everything else at the time of purchase. Why should a home be any different.

Now, the real issue in Florida is Insurance. Don't get me started on how that system is run.
 

·
Registered
Joined
·
724 Posts
So it is actually cheaper to pay a tax up front instead of continuing property taxes.quote

not if you roll that salestax into your 30yr mortgage. that 15k more than doubles to almost 34k. but at your figure of about 160/month for property tax, then there would be a deficit of more than 42k. so where do you think that will come from?

however, not many people stay in the same house for 30 yrs anymore. so if you move every 5-7 years (what i recall as an average) then at 5 years your 15k in sales tax you paid up front just ballooned to 250/month. a massive tax increase.so with an upfront sales tax the govt will be collecting more money than they do now from us since you will also pay sales tax on the next house you buy and someone will pay sales tax on the house you just sold etc....
 

·
Registered
Joined
·
4 Posts
With all due respect to my fellow forum members that are for the new tax cut please allow me to give a moment of pause to ponder the implications of what is happening. I am currently in a position that could very well be affected (err....layoff) due to the new tax cuts proposed by our Governor. I am in a position that serves citizens and I can tell you that the tax cuts are not going to make anyone feel any better except for the Governor.A great portionof this money is used to maintain services to the public, i.e. parks, ball fields, <U>BOAT RAMPS,</U> etc. While this proposal looks good on the outside it is a tangled mess on the inside. If this passes you will see multitudes of people lose their jobs as a result. I do certainly agree with some on this forum that waste exists. It IS government after all. But allow me to ask you to look beyond your wallets for a second and look at the bigger picture. If the new tax cuts go into affect expect to lose some wonderful services that we ALL enjoy. That's my two cents worth (or maybe even less if you disagree ;-)
 

·
Praedator
Joined
·
9,975 Posts
freespool50 (10/31/2007)So it is actually cheaper to pay a tax up front instead of continuing property taxes.quote

not if you roll that salestax into your 30yr mortgage. that 15k more than doubles to almost 34k. but at your figure of about 160/month for property tax, then there would be a deficit of more than 42k. so where do you think that will come from?

however, not many people stay in the same house for 30 yrs anymore. so if you move every 5-7 years (what i recall as an average) then at 5 years your 15k in sales tax you paid up front just ballooned to 250/month. a massive tax increase.so with an upfront sales tax the govt will be collecting more money than they do now from us since you will also pay sales tax on the next house you buy and someone will pay sales tax on the house you just sold etc....
I am just a little biased since I plan on staying in this home for 30+ years if I can help it. Your point is a good one though. Damn this complicated tax mess. :banghead:banghead
 
1 - 12 of 12 Posts
Top