
As Florida Property Taxes
Skyrocket, how is the growth of government revenue doing compared to the growth of personal revenue of taxpaying Floridians?
Here are some telling statistics that show how the government gets rich every day off of the paper value of your property.
While you look richer on paper, your actual income can’t keep up with the income of the local governments.
In Florida, from 1996-2006
¨
Population has grown 25% (14.6 Million to 18.4
million)
¨
Personal Income has grown 86% ($351.4 Billion to $653.7 Billion)
¨
Total Florida Property Taxes Have grown 148% ($12.3 billion to
$30.5 Billion)
¨
Total County Property Taxes have grown 155% ($4.5 Billion to 11.5
Billion)
¨
Total School Property Taxes have grown 122% ($5.6 Billion
to $12.3 Billion)
¨
Total Municipal (city) property taxes have grown 193%! ($1.4 Billion
to $4.1 Billion)
¨
Total “independent district” property taxes have grown
204% ($851 Million to $2.5 Billion)
¨ From 1996 to 2001, Total Property tax growth rose at the same level as Floridians total personal income growth –
36%
¨ From
2001 to 2006, Total Property Tax Growth Rose more than TWICE AS FAST (83%)
as Income growth (37%).
How can Floridians afford to fund the rich budgets of their local governments when their governments
income grows twice as fast as their own income?
Source: Florida Senate Property Tax Facts http://www.flsenate.gov/data/committees/senate/ft/statistics.pdf
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