Welcome back to OnThePoint, I’m Greg C. Truax.
It’s September in Florida. The temperature is up—and so are proposed property taxes.
TRIM notices are in the mail, telling homeowners, landlords and business owners how much local governments propose they pay.
Question: But why should anyone face a higher property tax bill for a gain existing only on paper?
Your property may be worth more, but you didn’t sell it or pocket a profit. Still, your property tax bill can rise—even if your income does not.
That’s the fundamental problem: Property taxes are based on taxable property value, not income or ability to pay.
Isn’t that an affordability issue?
From the NewsTalk 1040 Studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.