TBRC - Real Property Tax Reform

Now that's what I'm talking about - major property tax reform. A great big Thank You to 2007 FAR President Nancy Riley for the many many hours of service on the TBRC. The proposal passed yesterday by the Taxation and Budget Reform Commission will be on the ballot in November. Here's Trey Price's email detailing the two amendments. I've also included the article from my local newspaper, the Northwest Florida Daily News, summarizng the proposals. The best news is that the legislature will not have a chance to water it down or kill it! The second proposal passed would limit property assessments increases on non-homestead property to a maximum of 5%; Amendment One limited this increase to 10%.

I hope to see you all next week in Tallahassee during Great American Realtor Days. We must continue to be the Voice of Real Estate!