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Broward property appraiser warns Tamarac commission of large local losses under proposed homestead tax cuts
Summary
Broward County Property Appraiser Marty Kerr told the Tamarac City Commission that state proposals to eliminate or sharply reduce homestead property taxes could cost Tamarac tens of millions of dollars and shift funding pressures to sales tax or other sources; he urged local officials to educate residents and plan for multiple outcomes.
Marty Kerr, Broward County Property Appraiser, told the Tamarac City Commission on Jan. 4 that several property-tax proposals being discussed in Tallahassee — including measures to eliminate homestead property taxes for some or all homeowners — would significantly reduce local revenue and alter how municipalities fund services. "If this were in effect, Tamarac would have lost about 40.3% of the property taxes that it levies," Kerr said, presenting city-level estimates based on current proposals.
Kerr walked commissioners through analyses prepared by his office and referenced work by the Florida Policy Institute showing statewide property-tax collections of about $55 billion. He…
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