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June 25, 2018

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

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