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For property owners, property taxes are probably the biggest tax bills we pay in a year. The property taxes that our local municipalities receive provide the financing necessary for many local town or city programs such as fire departments, schools, and health services and for services like maintaining recreational resources. However, what can you do if your recent tax bill may cause you to give up eating for a month and you have to decide between living a normal life or paying property taxes?

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The Florida legislators are looking at several different tax cuts in order to help homeowners save money and put a spark the Florida real estate market. This is one of Gov. Chist’s top priorities.

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Delinquent property taxes, if you have them, may put you in a bit of dread. Property taxes, aside from income taxes are often one of our largest tax bills. Often they can be difficult to pay. If you have issues with delinquent property taxes here are some ideas to consider to resolve the problem.

I’ve observed many a loan officer at a loss for words and quaking in their boots when tasked with explaining Federal Recapture Tax provisions to their first time home buyer clientele. This provision, tied to first time home buyer programs created through the sale of tax-exempt mortgage revenue bond paper, is in reality a very simple concept to grasp and explain to anyone.

In many areas of the country, when you get your bill for county property taxes, be prepared for a shock. They are at an all time high across the country, though the overall amounts can vary greatly depending where you live. Here are some thoughts on what the tax money is used for.