Voters in Florida may soon have the power to set statewide property tax abatements, with a major proposal likely to be on the 2026 ballot.
Florida Gov. Ron DeSantis is backing a property tax reduction proposal that recently gained traction in the Legislature.
The House State Affairs Committee approved a plan to increase the homestead exemption by $100,000 annually over the next decade, with the goal of eliminating non-school property taxes entirely by 2037.
CFO Blaise Ingolia was frank about the need to reduce local government spending, saying, “Taxpayers are sick and tired of their local governments taxing and spending, complaining about poverty, saying they don’t have the money and then coming back to you as an endless ATM asking for more and more.”
This frustration among taxpayers has become a major theme in the discussion surrounding this tax proposal.
As plans move forward, the Senate has not yet finalized its approach to cutting property taxes. Discussions are likely to extend beyond the current legislative session as local governments evaluate their financial needs.
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