On Fri, 18 Mar 2005 22:02:33 GMT, someone wrote:

This dilemma is why the State of Florida passed a constitutional
amendment in 1995 that limits the increase in assessed value for
homesteaded property to 3% or the annual change in the CPI, whichever is
less. For those on a fixed income this is a home saver, especially
with property values climbing at 20% / year or more in some areas of the
state.

Unfortunately this benefit also seems to helps those who are not on
fixed incomes. And is there any assessment or income limit on it?
Would it help Donald Trump? Is it wise public policy to help someone
with a million dollar property because they are old, when it means a
young family buying their first home will have to pay more to make up
for tax that was lost on the expensive home?



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