Tax cuts? Keep an eye on that property bill - FOX 13 News

Tax cuts? Keep an eye on that property bill

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TAMPA (FOX 13) -

Governor Scott is taking credit for big tax cuts. But you may not feel it, because while some taxes are dropping, property tax bills will likely rise across the state.

Legislators locked in state-mandated property tax rates, as appraisers are expected to raise values -- effectively driving tax bills up for property owners next year.

"It's the oldest trick in the book," said Hillsborough Deputy Property Appraiser Warren Weathers. "Give with one hand and take back with the other."

Weathers said the owner of a $200,000 home could expect to pay roughly $20-$50 dollars more (depending on whether the 3 percent cap is in place.)

"Keep the rates the same and let value increases do the dirty work. That's what's happening," Weathers said.

Governor Scott pointed out that property rates are not going up, but property values are. He said that's a testament to Florida's recovering economy. Scott did successfully push for a reduction in fees on our car tags and sales tax holidays later this year.

So you may pay more, or less, or break even depending on your home, transportation and how much you plan to buy during the designated sales tax holidays.

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