The Real Deal Miami

Florida House passes property tax cut

April 23, 2008 12:16PM

The Florida House passed a tax-cut plan that would cap property taxes for all homeowners at 1.35 percent of taxable value, cutting tax bills by an average of more than 30 percent in Broward and Palm Beach counties. However analysts say the bill, which was voted down party lines in the House, is unlikely to pass in the state Senate.