NAVIGATION

July 29, 2016

Small Business

Tax Squeeze

Amy Keller | 6/1/2007

Thirty-five percent of Florida small-business owners are considering reducing staff or benefits in the face of rising property taxes, according to a poll by the National Federation of Independent Business. Another 14% of respondents said they might close their business in the near future, while 15% said they are pondering relocating out of state. Other poll results:

  • 39% of respondents are thinking about postponing expansion.
  • 81% said they believe high commercial property taxes are a threat to their business.
  • Asked how they were coping with the tax increases, 42% have increased prices, 16% have reduced benefits and 21% have reduced staff.
  • 34% said last year's property tax increase was greater than 20%.

Tags: Politics & Law, Around Florida, Government/Politics & Law

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Professors train local police
Professors train local police

Police departments have reached out to FIU’s Department of Communication, in the College of Communication, Architecture + The Arts, to create programs that facilitate more effective communication between officers and the South Florida community. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Florida regulators have approved new water quality standards that they say will give them more control over chemicals in our water supply. But - the new standards allow more cancer-causing toxins into water systems. Your opinion?

  • I oppose the new water standards
  • Unsure
  • I support the new water standards

See Results

Ballot Box
Subscribe