Florida Senator Blaise Ingoglia has proposed a tax freeze for homes upgraded to deal better with extreme weather.
A lawmaker in Florida has proposed a 20-year property tax freeze for homeowners who update their properties to make them more storm-resilient.Florida Senate Banking and Insurance Chairman Blaise Ingoglia has floated the idea of providing a 15- to 20-year tax freeze for homes built in the mid-90s or earlier if owners complete upgrades to make them meet modern elevation and wind code standards.
'Everything that is built to today's building codes, in today's elevations, was pretty much fine. It had some damage, but it wasn't catastrophic damage,' Ingoglia said. 'It was very apparent to me that that's where all the losses were. That's where the insurance losses were. That's where the losses for the homeowners were. That's where money was put up by local government, state government and federal government.
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