A government watchdog group says Florida’s property tax system is in crisis, and they’re urging lawmakers to make the system fairer.
TaxWatch held a news conference Friday to offer recommendations for the legislature to consider this spring. The group wants to see local tax rates capped to rein in spending.
TaxWatch also wants the Save Our Homes Amendment repealed.
Spokesman Kurt Wenner says although Save Our Homes has kept taxes down for many, it shifted the tax burden onto businesses, renters and new home buyers.
“The Amendment has also resulted in a lot of homeowners feeling like they’re trapped in their homes. They can’t afford to move to another house because if you sell your house, the new house that you buy will be assessed at full value."
"So a lot of instances, even elderly people who want to downsize to a less expensive house are going to pay a lot more taxes when they move.”
TaxWatch says if Save Our Homes is repealed, any homeowner currently homesteaded should still get to keep their reduced assessment.
The group presented its recommendations Friday to the Governor’s Property Tax Reform Committee to forward on to lawmakers.