>
By
The Associated Press
.
Published: Tue, January 29, 2008 - 4:01 pm
Last Updated: Tue, January 29, 2008 - 4:03 pm
TALLAHASSEE, Fla. (AP) - Do you want to cut your property taxes?At what cost are you willing to do so?
Florida voters are settling those questions today as they cast
their votes on Amendment 1.
The property-tax cutting constitutional amendment would double
the homestead exemption for primary homes except on school taxes
and provide an average tax savings of $240 a year.
It would deliver smaller reductions for businesses, second homes
and other non-homestead properties.
Plus, it would let primary homeowners take their Save Our Homes
tax benefits when they move.
Amendment 1 is projected to cost local governments more than
nine billion dollars over five years. That includes a 1.5 billion
dollar reduction for schools.
The Florida Chamber of Commerce supports Amendment 1, saying it
will put more money into people's pockets and help boost the
economy.
Florida counties oppose the plan, arguing it will cause cuts in
services that could lower quality of life.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Record Voter Turnout Predicted In AL
Those who Recommended this also liked:
Email to a Friend 
Printer Friendly 
Recent Commented: News Reports
Last Minute Push
Cash Cow For Gulf Coast Classic…
Big Crowds Brave Rain To See…
Death By Horse Drug?
New Twist In Death By Horse…
McCain Linked to Group in Iran-Contra…