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Florida Property Tax Update as Homeowners Consider Options

Florida Property Tax Update as Homeowners Consider Options

Summary

Many people in Florida are finding it hard to pay for rising housing costs due to higher property taxes and insurance. A new survey shows most Floridians want property tax reform. The state government is considering new laws to change or even remove property taxes.

Key Facts

  • A survey by the James Madison Institute found that 54% of Floridians are paying more in property taxes.
  • The survey showed 77% support for reforming the state's property tax system.
  • Florida's property tax revenue in 2024 was 62.8% higher than in 2019.
  • Governor Ron DeSantis has pushed for changes to Florida's property tax system.
  • New proposals to help homeowners are being discussed in the state legislature.
  • A survey of 1,200 voters found a generational divide on property tax opinions, with older residents more supportive of eliminating the taxes.
  • The Florida House recently passed a measure to remove non-school property taxes, which now awaits Senate approval.

Source Information