TALLAHASSEE, Fla. (AP) – Feb. 15, 2008 – Before voters passed Amendment 1 in January, Gov. Charlie Crist, top lawmakers and other backers promised it would be just the start of property tax relief.
Now Crist says he’s unsure what the next step should be. House Speaker Marco Rubio and other tax-cutting advocates, though, have laid out a wide range of options for the Legislature to consider during its 2008 regular session beginning March 4.
One proposal would cap taxes at a certain percent for all properties. Other proposals would repeal rules that can currently increase taxes for homeowners.
“If we don’t take that next step, then come September people throughout Florida are going to get a tax bill that looks very similar to the one they got last year,” Rubio said. “And they’ll know who to blame, and that’s us up here.”
NAR: 4Q 2007 area home prices mixed – half up and half down
WASHINGTON – Feb. 15, 2008 – Roughly half of metropolitan areas continued to show rising home prices in the fourth quarter of 2007, according to the latest quarterly survey by the National Association of Realtors® (NAR).
In the fourth quarter, 73 out of 150 metropolitan statistical areas show increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and another 12 metros showing increases of 6 percent or more; 77 had price declines including 16 with double-digit drops.
High & Low | Sanibel Island and Captiva Island, Fla.
2 Ports of Stability in Florida’s Market
“It’s not Yahoo, but it is G.E.,” said Mike McMurray, an agent with VIP Realty in Sanibel, about the investment potential for property on Sanibel and Captiva Islands in Southwest Florida. “Even with general downturns in real estate, this market tends to be relatively stable,” he said.
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