Florida law currently caps taxes assessed on commercial and rental property, but that may end come January 1, 2019.
You might be thinking “why do I care because I rent my home or apartment and don’t own either commercial or rental property?” Consider this: if your landlord has to pay higher taxes, guess whose rent is going to increase to offset your landlord’s cost?
For more information, please see a recent article in the Business Observer by Kevin McQuaid, “Commercial landlords could face big tax hike.”