Gail Lamborn, Broker

Do you remember Opposite Day when you were in elementary school? Whether school sanctioned or peer imposed, as kids we would adopt an "everything is opposite" policy for fun and games. Well is it seems some have not outgrown the game, but the fun has certainly faded.

According to a number of recent articles in the Palm Beach Post, Palm Beach County real estate taxes may increase this year, despite falling values. This due to a legislative provision that allows counties to increase tax rates in times of falling values. Many Palm Beach County residents, especially those who recently voted in the tax reducing Amendment 1, have been surprised by this fact. Yet, like it or not, Amendment 1 only caps tax rates while values are rising. Therefore, according to the Post, some property owners may actually see an increase in taxes this year.

This adds insult to injury in an already tough economic climate. While the county must cover their operational costs, what better way to hurt an already lagging local economy than to raise taxes? The consumer is pinched as it is and our largely service-based economy desperately needs their dollars to keep flowing. The increase in taxes only stems that flow and further hurts the economic outlook. Our county, like many counties across the country, needs to take a hard look at streamlining expenses, trimming fat, and becoming more efficient.

Opposite Day is over and raising real estate taxes is not the answer to our current economic challenges.

Palm Beach Post Article: http://www.palmbeachpost.com/news/content/opinion/epaper/2008/06/06/a16a_leadedit_taxvalue_0606.html?cxntlid=inform_sr

For expert advice and reliable information on homes or investment properties, contact Gail Lamborn, Broker of Bluffs Real Estate and Investment Properties in Jupiter, Florida.

Office:561-775-3000

Fax: 561-775-3003

www.bluffsrealestate.com.

"The Bluffs" Community offer every type of Buyer the opportuunity to own a piece of paradise within walking distance of the blue waters of Jupiter and Juno Beach, Florida. Built in the mid 80's this well maintained community appeals to the year round homeowner offering 3 and 4 bedroom single family homes, to the person who wants a 2 bedroom condo as their home , second home or rental unit, and to the person who seeks a 2 bedroom spacious townhome with private patio. Many of these properties have beautiful views of lakes, the intracoastal waterway, marina and ocean. In addition you can walk to a shopping center. The Jupiter Lighthouse is close by with waterfront resturants to enjoy.

Bluffs Real Estate and Investment Properties has been serving "The Bluffs" since the beginning. We are "The Bluffs". Call for opportunities in our area