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Florida Lawmakers Consider Plan To Transform Property Tax

Florida Lawmakers Consider Plan To Transform Property Tax

Summary

Florida lawmakers are considering ways to change property tax rules, but they are not currently planning to completely eliminate these taxes. Governor Ron DeSantis supports a proposal to abolish property taxes, which would need voter approval. Discussions include providing immediate relief to homeowners facing rising property taxes.

Key Facts

  • Florida lawmakers are not actively working to abolish property taxes entirely.
  • Governor Ron DeSantis supports eliminating property taxes and is preparing a proposal for voters.
  • Property taxes in Florida increased significantly, with Tampa seeing a 23.3% rise from 2021 to 2023.
  • Florida's lack of state income tax makes property taxes crucial for funding public services.
  • A constitutional amendment to abolish property taxes would need approval from 60% of voters.
  • Lawmakers are focusing on giving immediate tax relief rather than eliminating property taxes.
  • Discussions are ongoing for a proposal to amend the Florida Constitution to reduce property taxes.

Source Information