Summary
Florida lawmakers are looking at a plan to give some homeowners a $1,000 yearly property tax rebate for five years, starting in 2026. The proposal aims to help with the rising property tax bills in the state. The bill must pass several steps before it can become law.
Key Facts
- Florida wants to give certain homeowners a $1,000 property tax rebate each year for five years.
- The plan targets properties valued between $100,000 and $450,000 with a homestead exemption.
- The bill is sponsored by Republican state Representative Jeff Holcomb.
- Property taxes in Florida have increased by 45% since 2019.
- Holcomb’s bill suggests the rebates would start in 2026 and be managed by the Florida Department of Financial Services.
- Governor Ron DeSantis first introduced the idea in March, aiming for immediate tax relief.
- The proposal is still in the Select Committee on Property Taxes and must pass the House and Senate.
- There are discussions about possibly eliminating property taxes in Florida entirely.
