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‘Mansion Global’ host Katrina Campins, a home boom and a housing market that saw a mama boom ‘crash’ is seen.
Some local governments We sailed the idea of eliminating property taxes to reduce the burden on their homeowners.
Florida Gov. Ron Destantis will support such taxes in social media to cancel such taxes along the sunlight, but will require the constitutional amendment.
At Realtor.com, Chief Economist Joel Berner said he could take advantage of the Florida market in the Florida market in a short time to solve the inventory.
Facilitate the burden of property taxes, including high housing costs, including insurance insurance, can relieve some of the homeowners who increase the movement of more people, and more people have caused more people.
Berner said that now the number of houses and houses not sold more than the years of the homes and houses are higher Affectionate concern. People who have been locked in low mortgage rates for several years are finally moving, but the demand is not where it is compared to the state hot housing market of the state a few years ago.
“Getting rid of property taxes, will increase everyone’s home budget a bit and buy people to buy a house or a moving house or buy a moving house or buy anything before Because this is a property tax “ Berner said.
Florida, Naples, Aqualane Shores is a home for sale in the neighborhood. (Photographer: Lisette Morales McCabe / Bloomberg Getty Imager / Getty Images)
However, this will effectively lift buyers’ budgets and in a short period of time, the driving of prices will increase the driver of a period of time.
This move can also negatively affect communities for a long time.
“If local-held property taxes are replaced by increased state-level sales tax, will be less local control over cities and school regions Own tax revenues In a way that meets their special needs, “said Berner.
PA Republicans try to get illegal immigrant money transfers to finance property tax relief
He said that different municipalities have different requirements, and the state-level tax revenue will specialize less than the property tax for these requirements. ”
Chen Zhao, an economic investigation facility in the real estate broker Redfin, “Nokautu, the elimination of property taxes, he said.
Condo buildings, Sunny Isle, sells the beach line in Florida. (Joe Raedle / Getty Images / Getty Images)
For example, Zhao said that buyers could “be able to suffer from local services such as schools as a result of the benefits of the elimination of property taxes,” he said.
Zhao and Berner said that the state does not know how revenues will increase in change of property taxes.
Increasing state sales taxes, for example, “Florida can also come to potential migrants,” he said.
However, the issue of high insurance costs remains.
“If the value of the property is high enough to replace property tax deposits due to the intensification of climatic risks, buyers are still reluctant to buy in Florida,” Zhao said.
Miami, a house for sale in Florida. (Via Luke Sharrett / Bloomberg, Getty Images / Getty Images)
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However, Florida is not the only state that takes into account its plans to cancel property taxes. Financially conservative leaders in several states want to do this, With a Pennsylvania MP To claim that homeowners should not pay the “lease” to the government.
“Property taxes are not exactly the partisan, because in some areas, in some areas, than others,” he said.
“For me, the great deal is not to have people’s homes and not leased from the government, not all,” he said.
Fox Business’ Charles Creitz contributed to this report.
