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Naples Real Estate News - 11/26/07
REAL ESTATE TAXES - Continuing to bash a property-tax plan he reluctantly voted for, House Speaker Marco Rubio is now urging supporters to back a citizens’ petition to cap the total amount of taxes paid by every property owner to 1.35 percent of the property’s value.
ECONOMY - Some 2 million homeowners hold $600 billion of sub-prime adjustable rate mortgages due to reset at higher amounts during the next eight months, and experts offer a range of forecasts on how that will affect the U.S. economy.
1031 EXCHANGES- Want to know more about 1031 exchanges? Using theselike-kind exchanges instead of selling the property outright will almostcertainly save you big bucks in taxes, according to an expert in 1031exchanges.
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