INTERNATIONAL BUYERS FOR FLORIDA REAL ESTATE – In 2006, home sales to international buyers fell 65 percent compared to 2005 numbers, according to a Florida study conducted by the National Association of Realtors. Analysts blame “the exorbitant rise in homeowners/hazard insurance costs and equally dramatic rise in property taxes” on top of higher mortgage rates during the prime homebuying season.
REAL ESTATE TAXES – A Broward County mayor asked the state Supreme Court yesterday to remove the Florida Legislature’s real estate tax proposal from the January ballot. He claims the proposed constitutional amendment contains a series of flaws. Even though this request came from a Broward County mayor, it will also have an effect on Naples FL real estate taxes.