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Florida Lawmaker: Lower Gulf Coast Property Assessments, Make BP Pay

June 10, 2010

Property appraisers from three Panhandle counties and a state representative say the Legislature should allow tax appraisers to lower coastal property values immediately because of the oil spill.

Appraisers from Escambia, Santa Rosa and Okaloosa counties and Rep. Dave Murzin said the state should then push oil giant BP PLC to compensate the counties for their lost revenue. Otherwise, the tax burden would shift to inland property owners.

They say the Legislature should call a special session soon to deal with the oil spill crisis.

The spill began April 20 when a BP drilling rig off Louisiana exploded. Tar balls and other oil products from the spill began washing up on Panhandle beaches last weekend.

Topics Florida Legislation Energy Oil Gas Property

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Latest Comments

  • June 11, 2010 at 5:56 am
    Cassandra says:
    Someone...please tell me that these politicians are only joking....please?
  • June 11, 2010 at 9:31 am
    wudchuck says:
    many of the fisherman were not maintaining books over the years and that is going to account for not getting enough compensation for some of these businesses. but at least, B... read more
  • June 10, 2010 at 4:13 am
    matt says:
    BP's CEO is a geologist first instead of a business aristocrat. With his company losing tens of billions in value and counting you can be sure the first priority is stopping t... read more

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