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Lighthouse Point Fl property taxes 2010

Lighthouse Point held a public hearing regarding the proposed property tax rate in 2010. The basic proposed millage rate per $1000 is 3.6188, the same as last year, despite a $200,000,000 drop in taxable value of real property for operating purposes. The property values are determined by the Broward County Property appraiser.

Kudos to Lighthouse Point for being able to hold the line for this particular item. As many people know, most of the property taxes we pay though are Broward County taxes, including Broward County Schools. They’re still trying to find ways to trim the budget. Surely there will be a hike, but how much is yet to be determined.

For those with inquisitive minds, the per property value drop is in the $20,000 range according to the property appraiser numbers. I have no idea how accurate the data on this source is, but I pulled this data off Yahoo real estate web site. http://realestate.yahoo.com/Florida/Lighthouse_Point. I find that many sites lump LHP data into Pompano because of a shared zip code. The last city meeting I attended there were only a handful of foreclosures so this number below seems quite high.

Lighthouse Point, FL Real Estate Market Snapshot
updated Monday, September 13, 2010
Listing Type Number Median Price Price Change
from Aug
Homes for Sale 221 $529,000 -11.8%
New Homes 0 n/a n/a
Foreclosures 195 $323,000 -0.9%

Florida renewable energy property tax exemption 2009

If you install a solar system for your Florida home, your property taxes won’t increase. Back in 2006 I wrote an article about changing our system of increasing property taxes every time you pulled a permit for home improvements. This legislation achieves the same result but only for solar or renewable energy projects, and is basically an update from prior legislation that was expiring.

Renewable Energy Property Tax Exemption

The 2008 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 196
EXEMPTION

View Entire Chapter

196.175 Renewable energy source exemption.–

(1) Improved real property upon which a renewable energy source device is installed and operated shall be entitled to an exemption in the amount of the original cost of the device, including the installation cost thereof, but excluding the cost of replacing previously existing property removed or improved in the course of such installation.

(2) The exempt amount authorized under subsection (1) shall apply in full if the device was installed and operative throughout the 12-month period preceding January 1 of the year of application for this exemption. If the device was operative for a portion of that period, the exempt amount authorized under this section shall be reduced proportionally.

(3) It shall be the responsibility of the applicant for an exemption pursuant to this section to demonstrate affirmatively to the satisfaction of the property appraiser that he or she meets the requirements for exemption under this section and that the original cost and the period for which the device was operative, as indicated on the exemption application, are correct.

(4) No exemption authorized pursuant to this section shall be granted for a period of more than 10 years. No exemption shall be granted with respect to renewable energy source devices installed before January 1, 2009.

You think Florida property taxes are bad? Try Rochester NY.

Not that long ago my relatives and I were discussing a family lake home that everyone could visit in the summer with the kids. The problem is, we decided it really was not realistic or a wise investment for our futures due to one big problem- property taxes. Sound familiar?

I’ve said before there is disparity within our state of Florida, though it has been made a statewide issue as if everyone has the same problem. They don’t. In Broward County the largest portion of property taxes is for schools. Since some parts of Florida do not have the giant school budget, they also don’t have as big a property tax problem. Yes, there are other issues such as those created by Save our Homes, but property taxes as a percentage of the home value varies widely across the state.

But back to the NY problem. Excerpt from Responsible New York blog, which references a recent Democrat & Chronicle article, According to the New York State Comptroller’s Office, property taxes on a home in Rochester valued at $100,000 are just under $4,000. Taxes on a $100,000 home in Yonkers (Westchester County) are less than half that ($1,773) while in South Hampton (Suffolk County) they are almost a tenth of that ($456).

For the roughly $40,000 per year in property taxes on the lakefront property we decided there were better values in other parts of the country, even in other parts of NY. In Rochester, the disparity extends beyond the city to specific towns and neighborhoods. So one area may pay 4 mils, but another 7 mils. Make sense? Of course not!

Tom Golisano has been a family friend forever. Unfortunately, many groups are vilifying him in the press because he wants …gasp!…REFORM! He’s not running for office. He’s retired from the company he founded, though he remains on the board. As I recall, he preferred to distance himself from both major parties, but you have to join one to ‘play ball’, so he has switched around. Today, he simply wants change for his home town and has the means and time to help organize a group to do just that. We should applaud people like Tom who are able to use their knowledge and influence to help affect change in our country. I support the cause and if you are in NY you should too!