Property owners in the state of Florida will be able to request new assessments from their county to help document the decline in property value from damage caused by the Gulf oil spill for the purpose of submitting a claim to British Petroleum. Appraisals will not be used, however, to re-assess property taxes.
Florida Property Owners Get Help for BP Claims originally appeared on About.com Tax Planning: U.S. on Tuesday, July 27th, 2010 at 12:34:42.
'); document.write('One of the most pressing tax planning questions is where are tax rates heading for the year 2011? Because at the end of 2010, all of the tax breaks implemented under President George W. Bush will expire. Among a host of changes, tax rates will revert to their pre-2001 levels, roughly as follows:
| 2010 | 2011 |
| 10% | |
| 15% | 15% |
| 25% | 28% |
| 28% | 31% |
| 33% | 36% |
| 35% | 39.6% |
Absent any new tax legislation addressing the expiring tax breaks, the 10% tax bracket will be eliminated and collapsed into the 15% bracket;'); document.write('