More Proof Florida Real Estate Sales Are Rising
Posted by Benjamin Dona on Friday, October 7th, 2011 at 12:03pm.
Here is more proof that Florida real estate sales are continuing to rise again this year. According to U.S. Census Bureau reports, doc stamp tax revenue (which is paid on all home sales) rose 9.8% in the second quarter of 2011 versus the same quarter last year. And, we think it's safe to assume that part of the increase can also be equated to a rise in the value of the property's being sold here in Florida. Here's an example of why - Bonita Springs and Naples Real Estate - 3rd Quarter 2011 Sales.
Other state taxes also rose in Florida. Sales tax collections climbed 5.4% and Florida corporate income tax collections also rose 5.4% year over year for the quarter ending June 30. The report also showed continued revenue gains are going on nationwide. Corporate income tax collections shot up 20.4% while sales taxes increased by 4.7%. Income tax collections were also up 16.3% in the 2nd quarter compared to 2010.
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