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<br />Although rental properties would still be taxed under the proposal, their owners would <br />benefit from a bout a 20% reduction in their property tax bill. House Speaker mark <br />Rubio, R-West Miami, didn't rule out changing the law to require landlords to share <br />savings with tenant, or reward them for doing so. This would take effect next year. <br />.. ..Bruce Nissen, a labor studies professor at FlU, called Rubio's argument "total <br />nonsense". The reason he said, is because demand and prices for homes would rise <br />once property taxes drop.. ...Observed Nissen, " If anything, this will raise the cost of <br />housing." - Aaron Deslatte, Tallahassee Democrat, 2/27/07 <br /> <br />Estimated impact on Sunny Isles Beach: Rate rollback from 2.9500 to 1.280, a <br />difference of -57% and a DECREASE in property tax revenue of $8.1 Million <br /> <br />3/9/2007 <br /> <br />Florida Property Tax Reform Legislation <br /> <br />5 <br />