Homestead tax cheaters
Posted by Mark Washburn on Tuesday, September 20, 2005 at 4:30 AM
By Mark Washburn / September 20, 2005
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Scofflaws costing state millions in lost revenue
In 2001, a hitman gunned down Miami Subs founder Konstaantinos "Gus" Boulis in a gangland-style slaying on the streets of Fort Lauderdale. His murder made national news, was featured in a book and joined mafia lore as an unsolved murder mystery.
Away from the limelight, however, no one noticed that a waterfront home in the name of a dead man was still receiving a homestead break. The illegitimate homesteading tax benefit lived on until this year. It saved his estate -- and cost Broward County taxpayers -- thousands in taxes on the $1.25 million waterfront home.
The case is not unique.
Homestead cheaters rob millions in taxes [Herald-Tribune]
Away from the limelight, however, no one noticed that a waterfront home in the name of a dead man was still receiving a homestead break. The illegitimate homesteading tax benefit lived on until this year. It saved his estate -- and cost Broward County taxpayers -- thousands in taxes on the $1.25 million waterfront home.
The case is not unique.
Homestead cheaters rob millions in taxes [Herald-Tribune]
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