Critics say property tax reduction will stunt growth, discourage new homebuyers

A property tax reduction that would provide relief to homeowners, but hamstring local governments was top of mind for several panelists at Hillsborough County’s fifth annual State of the Market event on Wednesday.

The event took place at Ybor City’s Cuban Club and was moderated by Hillsborough County property appraiser Bob Henriquez.

Real estate professionals and policy analysts weighed in on the future of the Tampa Bay region should an amendment reducing property taxes for Florida homeowners pass in November…

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