Florida Lawmakers Advance DeSantis-Backed Property Tax Relief Proposal

Florida lawmakers on Tuesday approved a property tax overhaul proposal backed by Gov. Ron DeSantis, sending a constitutional amendment to the November ballot which aims to dramatically expand homestead exemptions.

“If passed, it would raise the state’s $50,000 homestead exemption to $250,000 over two years,” Axios stated.

“On a 30-9 vote the @FLSenate has placed a property tax phase out plan on the November ballot,” ActionNewsJax reporter Jake Stofan said.

Stofan listed these highlights:
 

• 1st year- $150K homestead exemption
• 2nd year- $250K exemption
• Beyond- Legislature will set schedule to full elimination.

Read Full Article Here