Florida's Republican Chief Financial Officer Blaise Ingoglia launched a new attack and presented a challenge to Orange County’s mayor and commission will speaking in Orlando on Monday.
Ingoglia said the county has collected roughly $190 million more in property taxes than it should, and recommended the commission vote to lower the property tax rate by .86 mils in order to create a $190 million tax cut. Latest Forecast
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Ingoglia said that would save owners of a $300,000 home $257 each year. And for owners of a $500,000 home, $428 each year.
Instead, Ingoglia said over the past five years, the increase in property tax collections has amounted to nearly $560 million, which, according to his team’s research, has cost every resident $7,07