Summary
Florida is considering changes to its property tax system, which could reduce taxes for homeowners. The state's Republican-led committee has approved several proposals that will be on the ballot for voters to approve in November 2026. The changes aim to lower taxes for homeowners while keeping funding for schools and police.
Key Facts
- Florida's property values rose sharply after the pandemic, increasing the tax burden on homeowners.
- Governor Ron DeSantis asked lawmakers to find ways to lower property taxes.
- The House Select Committee approved seven constitutional amendments and one bill related to property taxes.
- Any changes must be approved by voters in the November 2026 election.
- The proposals include exemptions and caps on non-school property taxes, focusing on elderly homeowners and those with property insurance.
- The Florida Policy Institute estimated eliminating certain property taxes could cost local governments about $18.5 billion each year.
- House Speaker Daniel Perez emphasized that the proposals aim to keep funding for schools and law enforcement.
- Critics argue that cutting property taxes could shift financial burdens to other areas or reduce public services.
