Florida Property Taxes Down 7.5 Percent Over 3 Years

TALLAHASSEE, Fla. (AP) -- State revenue figures show Florida property taxes have dropped $2.28 billion, or 7.5 percent, over the last three years.

The state Department of Revenue says the decline was caused by a combination of falling real estate values and tax-cutting measures approved by the Legislature and voters.

James McAdams, the department's property tax oversight program director, said officials cannot be sure exactly how much the passage of a law in 2007 and state constitutional amendment in 2008 are responsible for the reduction. But taxable property values for school taxes declined less than 1 percent from 2006 through 2009 while school taxes dropped 7.85 percent in that span.

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