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Homestead

All articles tagged with #homestead

DeSantis Moves Florida Toward Phased Homestead Tax Elimination in Special Session
politics11 hours ago

DeSantis Moves Florida Toward Phased Homestead Tax Elimination in Special Session

Gov. Ron DeSantis announces a June Special Session to push a phased plan that could eventually end Florida’s homestead property tax. The plan starts with raising the homestead exemption to $150,000 in 2027 and to $250,000 in 2028, then a timetable to fully eliminate the tax contingent on voter approval and a 3/5 legislative vote. It shields local governments with protections and a trust fund to cover core services, avoids new offset taxes during the transition, and imposes a five-year homestead tax requirement on newcomers to curb benefits for movers. An implementing session post-election will finalize mechanics, with broad public support indicated in polls.

via Florida Politics|
#desantis#florida#homestead
Florida House advances ballot measure to end non-school property taxes on homesteads by 2027
politics3 months ago

Florida House advances ballot measure to end non-school property taxes on homesteads by 2027

The Florida House approved a joint resolution to place a constitutional amendment on the November ballot that would immediately end non-school property taxes for homesteaded properties beginning January 1, 2027, in an 80-30 vote along party lines. The Senate has not yet proposed a bill, and three-fifths support in both chambers is required to reach the ballot. Senate leaders say they’ll propose their own measure, potentially this session or in a special session. If approved, local governments could face large costs, and Gov. DeSantis has not unveiled a full plan, urging a careful, right approach over speed. The legislative session could extend beyond its scheduled end date.

via Florida Phoenix|
#ballot-measure#desantis#florida
"Multiple Injuries and Displacements in Homestead Fire Outbreak"
accidentsdisasters2 years ago

"Multiple Injuries and Displacements in Homestead Fire Outbreak"

A massive rowhouse fire in Homestead, Allegheny County, injured five firefighters and displaced eight residents. The first call for the fire came in around 9:27 a.m., and firefighters faced challenges due to below-freezing conditions, including frozen fire hydrants. Despite the difficulties, all residents were able to escape the fire without injuries. Three rowhouses were damaged, and the cause of the fire is still under investigation.

via WTAE Pittsburgh|
#accidentsdisasters#allegheny-county#firefighters
From Abandoned School to Luxury Apartments: A $4.5 Million Transformation
real-estate2 years ago

From Abandoned School to Luxury Apartments: A $4.5 Million Transformation

Three partners purchased an abandoned high school in Homestead, Pennsylvania for $100,000 and converted it into a 31-unit apartment building. They then bought another abandoned school across the street for $90,000 and spent $4.5 million renovating it into a 33-apartment building. The renovation took 18 months and included converting the gym and auditorium into eight two-story apartments. The partners utilized state and federal tax credits and are currently at 85% occupancy, turning a profit. The buildings offer amenities such as a double-decker garage, rooftop deck, basketball court, and gym. The partners have no immediate plans for another project but are open to future ventures.

via CNBC|
#abandoned-school#apartment-conversion#homestead
From Abandoned School to Apartment Oasis: A Stunning $90,000 Transformation
real-estate2 years ago

From Abandoned School to Apartment Oasis: A Stunning $90,000 Transformation

Adam Colucci, Jesse Wig, and Dan Spanovich purchased an abandoned school in Homestead, Pennsylvania for $90,000 and transformed it into a 33-unit apartment building after spending $4.5 million on renovations over 18 months. This project follows their previous successful conversion of another abandoned school into apartments across the street.

via CNBC|
#abandoned-school#apartment-building#homestead