Posted in Politics

30-40-50 tax plan…will it fly?

   June 20, 2007

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A Miami mortgage broker, Bernie Navarro, heads a group that has written its own property tax reform plan that he wants to get on the ballot as an alternative to the state legislature’s proposal.

The 30 in 30-40-50 refers to the biggest tax break of the three contained in its language: a homesteaded taxpayers 62 or older would pay taxes based on 30 percent of taxable value. Non-senior homesteaders, meanwhile, would pay on 40 percent, and everybody else, including snowbirds, landlords and business owners, would pay on 50 percent of value.

Read this  Herald Tribune article: Citizen tax plan gains momentum

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