Florida’s real estate tax system is a big part of the problem. The amount of taxes and insurance on a property is not based on a fixed assessed value, but actually the last price that was paid for it. As I understand it, they add up to about 3 percent of the sales price. If a house went for 200K today, its annual real estate tax and insurance would run $6000. Also, that 200K house would go for only 100K in most of the country.
IMPACT FEES, chopman...
we need higher impact fees....
the kumbaya idea du jour.....
aka ‘highway robbery as you go’....