The Lee County Board of Commissioners will finally discuss potential property tax reform if Amendment 3 passes in 4 weeks. On Tuesday, commissioners will meet at 1:30 for a workshop on the topic. Beach Talk Radio will broadcast the workshop live from the Admin building on 2nd street.
Good point Carol. And yet the town wants to raise our taxes for their mismanagement of money. The main reason DeSantis put this idea on the table was to force governments to get their acts together and learn how to budget their money better. Take note FMB council
Maybe I don’t fully understand how this Amendment will work? First, it’s only on homesteaded properties, there are approximately 1,800 homesteaded on FMB. Of those 1,800, how many are worth $250,000 or less to potentially get a zero tax bill? Probably none. Most homesteaded properties on FMB are worth more an $1 million. By year 5, when this is fully implemented, those homes are going to be worth even more. Meaning that $250,000 exemption is only going to make a few hundred dollar dent in our total tax bills. If the Town can’t figure out how to manage that little of a reduction over a five year period, I think they have bigger issues than this amendment.
You know this will be a Henny-Penny rendition!