GoToby published a Supreme Court ruling that should help me sell some houses soon. Florida has a new law that really helps those of us who have lived here a long time and want to sell their house. Here is an edited excerpt:
Palm Coast, FL – November 18, 2009 – The Save Our Homes amendment, passed in 1992, caps annual assessment increases to 3% for homesteaded properties.
Last year, Florida voters added a portability provision which allows at least part of the Save Our Homes tax savings to follow the homesteaded owner when he or she moves to another Florida home.
Lawsuits followed, challenging both the underlying amendment and the portability feature. Tuesday Florida's 1st District Court of Appeal ruled against the petitioners on both counts.
To read the whole article, go to
http://www.gotoby.com/news.php?id=870
See Also: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=227198
No comments:
Post a Comment