Florida state economists: property tax collections will rise a modest fraction of a percent (Miami Herald)

December 11, 2012 – It’s been at least five years since Florida’s housing market collapsed under the weight of foreclosures, and the disaster is far from over, according to state economists and budget advisors. During a Tuesday revenue forecast conference for next year’s budget, Florida’s chief economist Amy Baker said it won’t be until at least 2017 that the hangover from the foreclosure crisis should wear off. That means flat to steady growth in collections of property taxes in Florida’s 67 counties. Economists now peg next year’s growth at less than 1 percent, about 0.83 percent. While better than last year’s 0.88 percent decrease in property taxes, it’s still pretty much a wash.

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