Ron DeSantis Cools on Property Tax Cut as Opposition Mounts
Summary
Florida Governor Ron DeSantis said he will not actively support the property tax cut measure on the November ballot because it is different from his original plan. The ballot measure proposes raising the homestead exemption on property taxes but faces criticism from local leaders who worry about funding cuts for public services.Key Facts
- Governor DeSantis proposed increasing the homestead exemption from $50,000 to $250,000, aiming to almost eliminate property taxes for 60% of Florida residents.
- DeSantis wanted a future exemption increase to $500,000 to nearly end property taxes entirely.
- The ballot measure (Amendment 3) raises the homestead exemption to $150,000 in 2027 and $250,000 in 2028, without the $500,000 goal.
- Amendment 3 lowers the yearly allowed increase in taxable value of non-homestead properties from 10% to 5%, except for school taxes.
- The measure limits how local governments can spend property tax funds, focusing on core services like education and public safety.
- DeSantis criticized the legislature’s version, saying it was not his original proposal.
- Local officials oppose the measure, fearing it will reduce money for schools, infrastructure, and other public services.
- Amendment 3 requires 60% voter approval to pass in November.
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