Florida Property Tax Update as Ron DeSantis’s Threat Looms Over Lawmakers
Summary
Lawmakers in Florida are considering several bills to provide property tax relief, but Governor Ron DeSantis prefers eliminating property taxes altogether. Three bills are currently up for a vote in the Florida House, but the Senate has not passed similar measures yet.Key Facts
- Governor DeSantis favors abolishing property taxes in Florida.
- Three different property tax relief bills are advancing in Florida's legislature.
- House Joint Resolution 203 proposes to phase out non-school homestead property taxes over 10 years.
- House Joint Resolution 213 suggests limiting property assessment increases to once every three years.
- House Joint Resolution 209 proposes increasing the homestead exemption by $200,000 for insured properties.
- The Florida Senate has not passed any similar property tax bills.
- Florida does not have a personal income tax, making property tax a major revenue source.
- Governor DeSantis has not proposed a specific solution yet but mentioned upcoming proposals.
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