After weeks of negotiating between Florida House and Senate leaders the lawmakers agreed this Friday to one of the largest tax cuts in state history. The plan will slash property taxes 31.6 billion dollars over the next five years. The plan could save the the average homeowner $174 in 2007 and a huge savings of $1306 in 2008.
The Florida legislature will be meeting for an 11 day special session starting this week and will review the plan.Gov. Charlie Crist has been on the frontline for property tax reform asking lawmakers to drop property taxes "like a rock."