Tag: Taxes

We’re Here To Help You

As if the housing market slowdown were not enough to challenge local contractors, now Holmes Beach City has stopped issuing all building permits.

The City of Holmes Beach Commissioners decided the building department stop granting “requests for construction, reconstruction, or improvement of buildings or structures within the flood hazard areas” beginning February 12th. All building is halted while compliance is being studied and codes compared with other communities.

Caught in this moratorium is a partly rebuilt 1950’s house. New walls, windows, and roof were constructed last month but work has now stopped. The city is considering that it may even have to be torn down again.

Tags Advisories, Hurricanes, Taxes

Politics Real Estate

Florida State Amendment 1 Opposition Continues

Post author By Mike
Post date February 19, 2008
1 Comment on Florida State Amendment 1 Opposition Continues

Florida Cracker under Poinciana tree — Old Florida cracker house under Poinciana tree

Those of us in the real estate business in our area fully understand the current market problems and we agree that Amendment 1 will not “jump start’ the real estate market as suggested by Tallahassee [state capital] and our media. It will possibly assist those sellers who plan to purchase a replacement home in our state.

We need to consider that the buyer of a home plans to reside and homestead in our state and if they’ll accept their initial tax bill. Also, it is not clear in the amendment if we’re able to assure a buyer if the homestead cap is to remain.

Tags Taxes

News

Anna Maria Beach Renourishment Eschews Federal Funds

Post author By Mike
Post date February 5, 2008
No Comments on Anna Maria Beach Renourishment Eschews Federal Funds

The planned 2011 $7.5 million beach renourishment project for 1.5 miles of Anna Maria shoreline will not use Federal money, according to Charlie Hunsicker, ecosystems director at Manatee County. Funding will come from state and county taxation.

The Florida Department of Environmental Protection estimated that Anna Maria would need to provide another 40 parking spaces for public use and access in order to qualify for state funding.

Tags Maps, Parking, Renourishment, Taxes

Politics

Florida State Amendment 1 Passes the buck

Post author By Mike
Post date January 30, 2008
1 Comment on Florida State Amendment 1 Passes the buck

In yesterday’s primary election voting, State Amendment 1 passed by 64.4%. As posted in an earlier report, the ‘tax-reshuffle’

My Florida homestead — My Florida Homestead

increases the homestead exemption except school district tax
allows homestead property owners to transfer up to $500,000 of their Save-Our-Homes benefits to their next homestead
for non-homestead property, provides a $25,000 exemption for tangible personal property (business property)
limits assessment increases for specified non-homestead real property except for school district tax

Tags Elections, Taxes, Voting

Politics

Florida State Amendment 1 Tax ReShuffle?

Post author By Mike
Post date January 23, 2008
5 Comments on Florida State Amendment 1 Tax ReShuffle?

Added to Tuesday’s primary ballot is a proposed change to the way property taxes are assessed.

Currently, a rule of thumb is that taxes on real estate are nearly 2% of appraised value. Usually the appraised value is lower than market price and owners who live in their homes can claim a $25,000 deduction. The median price of Florida houses is about $300,000, so a home buyer could be paying $6,000 per year.

Tags Elections, Taxes, Voting