Florida Cut Property Taxes Now (2008)

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The Cut Property Taxes Now initiated constitutional amendment provides that the total property tax on any property shall never exceed 1.35% of the highest taxable value of the property. This property tax limit shall apply to all property taxes except property taxes approved by voters. Does not amend Save Our Homes, the Homestead Exemption, or any other exemption.[1]

Contents

Support

Cut Property Taxes Now, Inc. is a political action committee (PAC) that is sponsoring the initiative. The initiative is modeled after California's Proposition 13, one of the strongest property tax cuts in history.

House Speaker Marco Rubio is backing the initiative saying that the Florida legislature hasn't done enough to cut down on property taxes after Gov. Crist promised during elections they would "drop like a rock."[2],[3]

The Florida Taxpayer Alliance and Manatee's Coalition Against Runaway Taxation (CART) are urging all their members to sign and pass out petitions for the measure.[4]

Rally

A rally, tagged as the "Florida Tea Party '07 Declaration Rally" gathered to launch the initiative. A group of 250 people held the rally to motivate petitioners that will be gathering signatures for the Cut Property Taxes Now initiative. The group has six weeks to gather 611,000 signatures.[5]

Opposition

In response to Rep. Rubio's criticism that his property tax cut measure is too weak, Florida Gov. Charlie Crist worked with Donald Trump to raise funding for the initiative. "The press just told me I pay over $1 million a year on one house in real estate taxes in Florida. I didn't even know. I said, 'Really? I pay that much?'" Trump told the media while standing next to Crist in a Trump Tower office. "Hopefully that sucker will come down a little bit."[6]

Status

Recently filed with the Secretary of State and Attorney General. The group must collect 611,009 valid signatures by Feb. in order for it to qualify for the ballot.

See also:

External Links

References

  1. ↑ Ballot Language
  2. ↑ Rubio gets behind tax reform drive, Tallahassee.com, Dec. 3, 2007
  3. ↑ Super-sized savings? Property tax cut may not mean big bucks for everyone, Sun Sentential, June 17, 2007
  4. ↑ Group suggests property tax limit, The Bradenton Herald, Nov. 29, 2007
  5. ↑ Miami gathering starts petition drive to cap property taxes, South Florida Sun Sentinel, Dec. 18, 2007
  6. ↑ Crist joins with Trump to raise money for property tax amendment, CBS, Dec. 7, 2007

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