Search and Categories

LBTS Properties Values Plunge $200 million Dollars!

May 30, 2008 by Barbara

Each individual property owner has lost almostĀ  $30 thousand in home equity in LBTS!

(based on 7000 properties….)

www.miamiherald.com

Taxable property values drop 5%….Jasmine Kripalani…

many more cuts for Broward municipalities…

“We are witnessing the worst Broward real estate climate since the mid-1980s “…Broward County Prop. Appraiser…in a memo to Broward County Taxing Authority….”For planning purposes, you should expect to see a dramatic slide reflected in significant tax roll decline next year.”….

” It’s all about settled back out to where it should have been if itĀ  hadn’t been for the feeding frenzy in 2005 and 2006.” she said….

Broward Taxable Property Values…

LBTS…

2007 ….. Total…..$2,321,901,228

2008…..Total…….$2,122,230,453

change…

– $199,670,775…..PCT….- 8.60%

homesteaders will remain with their 3% cap…

non- homesteaders will go down….

the millage rate will not stay the same…or go down…

it will be increased …to compensate ….. Hmmm… the many funds….major purchases?….

The point …. this Town Manager…this new majority….must emulate the residents…

be fiscally responsible……be prudent….be austere…

not build up the many funds…. known only to the administration….

“we have the money for this”….”we do not have the money for that”….enough!

Bcbythesea …opinion….

LBTS is not a bank….

LBTS….should maintain a significant line of credit available for catastrophic hurricane monies to be available immediately….

LBTS should be prepared for not just 2008-09…but 2010-11…

look forward to the spreadsheets….Madam Manager….commissioners….

first budget meeting…Wed. June 11,2008…5pm…Jarvis Hall…open to the public…

contact your commissioners….be present for these meetings… be heard….

Post Division