Daily Market Sip 4/28/2009

The Florida Senate is considering joint resolution Bill # 532 related to among other things the reduction in the maximum increase in tax assessment for commerical or residential rental property to no more than 5% or the average annual percentage growth in revenue derived from the property for the preceding 3 years.

This would be a huge benefit and catalyst to getting the real estate market moving again.  The Florida House has passed the bill and now the Senate is in final debate.  Here is a link to the Bill currently in the Senate.

Florida Senate