Florida Real Estate News - 04/10/07
FLORIDA PROPERTY TAXES
Gov. Crist yesterday signed HB 333, which gives counties the ability to create an additional homestead exemption for low-income seniors. Calling it the point of the spear in his fight against high property taxes, Crist also suggested that the current session could be extended or a special session called later if legislators don’t drop taxes like a rock before the session’s scheduled conclusion on May 4.
CITIZENS PROPERTY INSURANCE
SB 2498, which would allow Citizens Property Insurance Corp. to expand further and solidify its tax-exempt status, moved forward Monday, gaining approval from the Senate Banking and Insurance Committee. The bill allows homeowners to opt for coverage from Citizens, the state-run insurer, if they have an offer from a private insurer that’s 15 percent higher.
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