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Your total property tax bill is capped at 1.35% of the TAXABLE VALUE of your property. TAXABLE VALUE is the amount the property appraiser assesses your property at MINUS all exemptions you are eligible for including HOMESTEAD, SPECIAL EXEMPTIONS and SAVE OUR HOMES.
ASSESSED VALUE – EXEMPTIONS = TAXABLE VALUE
| Examples*: | |||
| TAXABLE VALUE | MAXIMUM PROPERTY TAX | ||
| $100,000 | $1,350 | ||
| $250,000 | $3,375 | ||
| $300,000 | $4,050 | ||
| $350,000 | $4,725 | ||
| $400,000 | $5,400 | ||
| $500,000 | $6,750 |
*Statewide Average Millage Rate (tax rate) in 2007 is 18.46 or 1.846%. Under this plan that rate is reduced to a maximum of 1.35%, Source: State of Florida 2007 “Florida Tax Handbook."
26% PROPERTY TAX CUT on average for every property owner in the state.
Keep government out of your wallet. SIGN THE PETITION TODAY!
For COUNTY BY COUNTY property tax cuts click here