Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners

Property taxes in Florida are based on annual assessments of property values made by county officials.  Homeowners in Florida can challenge assessments that they believe overvalue their property and inflate their tax bill.  Informally, the homeowner may meet with the assessor to negotiate for a reduced assessment.  The homeowner may also petition for a formal … Continue reading Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners

Study Explores Local Government Response to Recessions

Recessions can be trying times for city and county governments. They typically experience a fall in revenue from two primary sources:  1) a shrinking property tax base because of falling property values and 2) lower intergovernmental transfers—grants and other payments received from the state and federal governments—because of cutbacks made at these higher levels of … Continue reading Study Explores Local Government Response to Recessions

Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive

By Marisa Lupica The Qualified Target Industry (QTI) tax refund is offered to attract high wage jobs in target industries to Florida. The program is administered by the Department of Economic Opportunity, Enterprise Florida, Inc. (EFI), and the Department of Revenue. Among Florida’s tax incentive programs, QTI is the largest and has the highest return … Continue reading Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive

New Study Sheds Light on Property Taxes in Florida

By Matt Kelly A new study by DeVoe Moore Eminent Scholar Keith Ihlanfeldt and economist Kevin Willardsen explores property taxes in Florida. The authors challenge the conventional wisdom that governments only consider the “public interest” when writing their budgets and setting tax rates. With property taxes accounting for 31% of Florida’s total revenues, understanding how … Continue reading New Study Sheds Light on Property Taxes in Florida