Some homeowners in Sarasota County will not see an increase in their tax rate come, unless they live in one of a couple dozen special taxing districts that are raising their property tax rates. Continue reading ‘Property Taxes in Sarasota Will Not Increase For Some’
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between
will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6% Continue reading ‘largest Tax Hikes in US History’
MIAMI – Oct. 20, 2009 – Even after years of sinking real estate prices, thousands of South Florida property owners are fighting to further deflate the values of their homes and businesses.
Appeals of property values used for tax assessments are rising in Palm Beach, Broward and Miami-Dade counties as owners try to cut tax bills during a dreary economy. Deadlines for appealing property taxes have passed, though there are some exceptions. Continue reading ‘Property tax appeals rise during economic decline’
If you own property in Manatee and Sarasota Counties and you feel that you are being unfairly taxed based on an inflated valuation we can help. We will take your case before the County Tax Apprasier and/or Appeals Board and get your property taxes reduced.
Please contact us for more details.