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Lauderdale Lakes real estate
Just call it Home of the House of Worship.
With 22 churches in a city with an area of four square miles, elected officials
are struggling to improve the tax base. Compounding their dilemma is an exorbitant
number of condominium dwellers who pay little, if any, property taxes after claiming
the $25,000 homestead exemption.
The city is trying to take advantage of its location, namely the intersection
of State Road 7 and Oakland Park Boulevard - one of the busiest in Broward County.
Officials are considering offering incentives to keep businesses in the city and
hiring an economic development director. They also are grappling with changing
demographics.
Once primarily populated by retirees, Lauderdale Lakes is home to many families
with children. Those children are placing a burden on the city's limited recreation
facilities. The city has 31,742 residents.
Residents have implemented "Community Center 2000," a plan to raise
money to construct a modern, roomy structure for the young and old. So limited
are the city's funds, that it has not pledged any money to the project, although
officials endorse the plan. Seeking bond issues here has been discouraged.
fort lauderdale real estate