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Sunday, August 9, 2009

Changes Complicating Florida Property Taxes

by taxnick on August 9, 2009

For the past two years many local governments have been faced with a financial situation unprecedented in recent decades. The total value of taxable property within their jurisdictions, which yields property taxes that comprise a significant part of their operating revenue, has decreased rather than increased.
The significance comes in setting Florida tax rates.
In the past, [...]

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Q: I received a letter from my husband’s employer that I may be eligible for subsidized COBRA tax payments as a result of tax law changes.
I have been on COBRA since January of this year, as my husband no longer works.
How do the tax law changes work? Does eligibility depend on income or assets?
– Annie
A: [...]

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