NAVIGATION

December 2, 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

Over 2 Million Containers, 2,000 Routes
Over 2 Million Containers, 2,000 Routes

See how GE Transportation and the Industrial Internet power CSX Transportation's intermodal business, delivering over 2 million containers across 2,000 routes every year.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

With crude facing its largest weekly rally since '09, are you worried about gas prices this holiday season?

  • Not at all!
  • Maybe... a bit...
  • Yes! The Grinch is nigh!

See Results

Ballot Box
Subscribe