Summary
Florida Governor Ron DeSantis plans to change property taxes in the state to help homeowners. Experts say these changes may not do enough for new homebuyers, who face higher costs compared to long-time homeowners. Several tax reform ideas are being considered, including removing taxes for some homeowners and creating new tax exemptions.
Key Facts
- Governor Ron DeSantis aims to change property taxes in Florida.
- Current focus of tax reform is on helping seniors with fixed incomes.
- Experts highlight that first-time homebuyers face higher taxes than long-time homeowners.
- The "Save Our Homes" law limits the annual increase in property value assessments.
- Eight tax reform proposals have been introduced, including eliminating some property taxes.
- One costly proposal might remove property taxes for non-school-related homes.
- The tax proposals may appear on the 2026 general election ballot, with some exceptions.
- The cost of homes and insurance is notably high in Florida, affecting homebuyers.
