News & Information: Real Estate News

Passage of property tax legislation draws REALTOR® applause

Wednesday, May 11, 2011  
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The Florida Legislature on May 4 passed legislation that will, among other things, provide property tax relief to non-homestead owners and first-time buyers. According to Florida REALTORS®, which strongly supported passage of the legislation, HJR 381/SJR 658 will also serve as an attractive incentive to out-of-state businesses, homebuyers, and investors.

Research shows eight of the last 10 recessions have ended as a result of robust housing markets.

Rep. Chris Dorworth (R-Lake Mary) and Sen. Mike Fasano (R-New Port Richey) were key leaders of the initiative.

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