> DeSantis pushes for eliminating property taxes in Florida
DeSantis pushes for eliminating property taxes in Florida
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Florida Gov. Ron DeSantis is pushing for the Sunshine State to abolish property taxes after a Senate Republican filed a bill "relating to the study on the elimination of property taxes" earlier this month.
In an X post on Feb. 13, the governor said that a constitutional amendment would need to be implemented to eliminate property taxes in Florida. That amendment would need 60% of voters to approve it.
"We should get the boldest amendment on the ballot that has a chance of getting that 60%," DeSantis stated in the post. "I agree that taxing land/property is the more oppressive and ineffective form of taxation."
The governor doubled down on his support during a stop in Tampa Monday. "Do you think it's fine that you buy property, you buy a home, you own it outright, free and clear, and yet you have to continue to pony up money to the government just for the courtesy of using your own property. That's not...we don't tax like that in almost any other instance," said DeSantis.
Suppose the legislature passes a bill that meets what DeSantis is proposing. For example, if SB 852 passes as is, a study will be launched to establish a framework for eliminating property taxes, replacing property tax revenues through budget reductions and sales-based consumption taxes and locally determined consumption taxes authorized by the legislature.
The study will include the following if passed:
An analysis of the potential impact of eliminating property taxes on public services, including education, infrastructure and emergency services.
An assessment of potential housing market fluctuations, including changes in homeownership rates and property values.
An evaluation of whether a shift to consumption-based taxes would help make Florida more attractive to businesses compared to other states.
An analysis of the potential impact of eliminating property taxes on overall economic stability, consumer behavior, and long-term economic growth.
By the study's end, the office will send a report detailing their findings to the President of the Senate and the Speaker of the House of Representatives, according to the bill.
The conversation is surrounding the higher costs of living facing Floridians and homeowners, seeing high insurance costs and higher tax burdens. According to a recent Redfin report, of the top five U.S. metro areas who have seen the highest spike in property tax bills, three are in Florida, including Jacksonville, Tampa and Miami.
A report from the News Service of Florida says property taxes have played a major role in funding schools and local governments in the Sunshine State.
MORE: https://www.wtsp.com/article/news/regional/florida/desantis-property-tax-elimination-florida/67-1a46a932-f261-4e42-a96e-9cfaf363f21a