More than likely, property taxes would be eliminated if you have the homestead exemption. If you rent your house, you won’t be exempt, commercial properties wont be exempt.
If you want to change the economics of residential landlords in the villages, this will do it. Their property taxes will go up.
Commercial property taxes will also go up, but relatively less - so, yes we will pay more for a burger or a beer. But probably not more than the savings of not paying taxes.
|