Analytical Services Relating to Property Taxation – PART 2: Revenue Component

The interaction between the Save Our Homes assessment limit and Florida’s housing boom created a property tax system riddled with inequities and inefficiencies. The inequities are obvious, and the newspapers are filled with examples: neighbors with similar houses but one paying twice the property tax of the other. A more subtle inequity is that Save Our Homes favors homesteaders over renters, who on average are less affluent. The inefficiencies are both economic and political.