Friday, September 29, 2006

Largest Broward County Real Estate Tax Cut In 25 Years

Broward County homeowners are set to receive the biggest cut in their real estate taxes in 25 years, thanks to further cost cutting efforts approved by the county commission.

The original budget approved by the commission this summer would have resulted in a 7 percent increase in real estate taxes, primarily due to higher home values.

More than 300 people attended the commission meeting to protest the 7% increase. As a result, the Broward County Commission agreed to cut basic expenses such as limiting air conditioning in county offices but refused to close the Fort Lauderdale branch library on Sunrise Boulevard or end a program that helps single mothers collect child support.

In all, commissioners reduced the county budget by about $20 million, resulting in a tax savings of about $82 for the average homeowner over last year -- a huge reduction over the proposed 7% increase previously approved.

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