Property Tax Reform Is Here Or Is It?

Florida Legislature says it has reached agreement on property tax reform
TALLAHASSEE, Fla. – June 11, 2007 – We have a deal. Senate President Ken Pruitt (R-Port St. Lucie) and House Speaker Marco Rubio (R-Miami) announced that they’ve reached an agreement to cut property taxes in Florida.
It’s a complicated, two-step formula that would offer moderate relief [...]

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A brush up on our property taxes

2007 Property Tax Exemption Filing Period 
For Miami  Dade County-If you miss this deadline you’ll be sorrrrrrrrryyyyy.
Tuesday, January 2 - Thursday, March 1
The Miami-Dade County Property Appraisal is currently receiving applications for the various property tax exemptions provided for by Florida state law.The deadline for property owners to submit applications is Thursday, March 1st 2007.To facilitate this [...]

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InsuranceReform Legislation That Passed

 
Below are some highlights from the Property Insurance Reform Legislation that passed on Monday:
Expanding Consumer Choice & Savings

Deductible Options – eliminates caps on deductibles so a homowner can choose a deductive other than the standard 2%, 5% or 10% in current law. However, for deductibles over 10% on a home valued under $500,000, approval must [...]

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Tax Deduction for 2007

Private mortgage insurance is usually required by lenders for borrowers who contribute less than 20% of a home’s purchase price as a down payment. The insurance, protecting the lender, is quite expensive, but in some cases it’s the only way a home buyer can finance the purchase.
Beginning January 2007, many home buyers who must purchase [...]

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New Tax Break For 2007

Families with income of less than $100,000 can claim deduction
Households with annual income of $100,000 or less can get a tax break on their mortgage insurance when purchasing a home in 2007 using less than the traditional 20 percent down payment.
That’s because a new tax deduction effective Jan. 1 will allow them to write off [...]

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