The Property Tax Special Session is less than a month away. We already know that House Speaker Marco Rubio has given up his tax-swap plan in favor of a significant percentage exemption.
Last month, Speaker Rubio was in Tampa as part of his campaign to build support for his tax plan. His presentation was part of a special Florida This Week with Rob Lorei, which I recorded to my DVR. WEDU also posted the video on Google Video, which allows me to provide it here.http://video.google.com/videoplay?docid=-2898399586003015770
Here are some of the interesting parts of the show:
“You first have to have system that reflects what people can afford to pay. And once you figure out what people can afford to pay, then government has to figure out what they can get for what people can afford to pay. But that’s not how the system works right now. It’s backwards. Now government tells you what they need and you have to somehow scramble to come up with it.”
He also said that property taxes are a de facto lien on homesteads – “As long as you’re paying property tax on your home, you’ll never own your home. Because you can pay off the bank, but if you don’t pay your property taxes, they’ll take your house from you. And I think that’s a little bit un-American.”
He did say that rolling back taxes and capping revenue growth would be the most helpful for commercial and nonresidential property owners. The same could be said for homestead properties as well.
Watch the presentation yourself and let me know what you think.