Fort Lauderdale, FL (PRWEB) March 2, 2007
Florida voters would be able to abolish property taxes on primary homes and put caps on government revenues in exchange for adopting the nation's highest statewide sales tax under a plan proposed Wednesday by House Republican leaders. A second part of the proposal is designed to reduce taxes by an average of nearly 20 percent for all property owners, although most of those savings would go to businesses. It would not require voter approval but could go into effect sooner. House Speaker Marco Rubio, R-Miami, said a proposed constitutional amendment that would raise the statewide sales tax by 2.5 percentage points - from 6 percent to 8.5 percent - could go on the ballot later this year or at the 2008 general election.
If this law gets passed, specifically the part about zero property taxes on homesteaded homes, Florida will once again be the retirement mecca that it once was. "There are bargains right now in South Florida," says Peter Charles co-founder of southfloridapreforeclosure.com. "Many people over extended themselves before the housing slow down. As a result, there are many properties in pre-foreclosure."
There is a major investment opportunity in south Florida if primary home property taxes are abolished. The problem is both the beginning real estate investors and "old pros" are searching for the best values in properties that are facing foreclosure, so the competition is fierce. Wasting time with postings and lists that are often out-of-date when they are printed may be costing you money.
At southfloridapreforeclosure.com we are dedicated to providing the freshest listings because timing and accuracy mean everything when it comes to buying a distressed property. Scouring the newspaper for filings and sifting through courthouse records are no longer necessary to capitalize on real estate bargains in today's hot south Florida foreclosure market.