Friday, January 12, 2007

Increase of property Tax

Some landlords gave up. Charles Adams of Citrus Park owned two rental homes and sold both of them as tax bills became too much. He sold a 1,300-square-foot rental home in Ballast Point at a time when neighbors were building enormous new homes, driving up his property tax bill at a $1,000-a-year clip. He waited until after the death of a longtime tenant to sell an 800-square-foot home in Palm River last year.

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