How Florida Property Tax Changes Could Make State Less Attractive
Summary
Florida Governor Ron DeSantis wants to gradually eliminate property taxes for local homeowners, but not for seasonal visitors or out-of-state investors. The plan aims to help long-time Florida residents while keeping taxes on non-resident property owners, but it has not yet become law.Key Facts
- Governor DeSantis supports phasing out property taxes for local homeowners only.
- Seasonal residents (called snowbirds) and out-of-state property investors would not get this tax break.
- A bill to increase homestead tax exemption over 10 years passed the Florida House but stalled in the Senate.
- The homestead exemption would fully exempt homes from non-school property taxes by 2037 if passed.
- DeSantis wants to prevent out-of-state buyers from quickly qualifying for tax breaks after moving to Florida.
- The plan aims to balance tax relief for residents while preserving funding for police and education.
- Some seasonal residents have already started leaving Florida due to rising home insurance and local fees.
- A special legislative session is needed before mid-August to include the property tax changes on the November ballot.
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