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Florida Property Tax Update as Lawmakers Fail To Pass Budget

Florida Property Tax Update as Lawmakers Fail To Pass Budget

Summary

Florida's lawmakers ended their 60-day session without agreeing on a state budget or a property tax reform. They plan to revisit the budget issue in a special session in mid-April, but no special session is planned yet for property tax reform.

Key Facts

  • Florida's legislative session ended without a budget agreement for the next fiscal year.
  • Lawmakers also failed to agree on a constitutional amendment to reduce or eliminate property taxes.
  • Governor Ron DeSantis supports eliminating property taxes and plans to include this on the November ballot.
  • A special budget session is scheduled for mid-April.
  • The House passed a bill to phase out noneducation property taxes, but the Senate did not approve it.
  • Governor DeSantis may push for property tax reform discussions in a special session during July or August.
  • Under Florida law, a proposal for a constitutional amendment must be made 90 days before an election, with the deadline for this year being August 4.
  • Senate President Ben Albritton stated that no commitments have been made regarding the property tax issue.

Source Information