Some legislators in Florida make caution before the unification of full property tax

Republican legislators and governor Ron Desantis have planned a study on the elimination of property taxes in Florida. However, some legislators are concerned about how the local governments make up the lost income.

During a financial and tax meeting of the Senate on Wednesday, the Republican Senator of Naples, Kathleen Passidomo said she wanted to bring tax relief to property owners, but no quick measures should be taken to abolish property tax.

“I am quite uncomfortable with some of these broad, comprehensive statements about the elimination of base taxes without, and I think we should warn our members of the results if we only do it, and the earlier we do, the better it is for our members so that they don't go down a rabbit hole,” she said.

The Republican Senator of Pensacola, Don Gaetz, is curious how the local governments would make lost annual income of around 50 billion US dollars.

“Sometimes it is good not only to know how much money is involved if you reduce a tax, but you know what the use of other tax sources will take to tackle the income problem,” he said.

A report by the left -handed Think Tank Florida Policy Institute indicates that Florida would have to carry out a combination of dramatically increased sales tax and the reduction in local expenses such as schools and law enforcement authorities in order to compensate for the abolition of land taxes.

The value of all properties in Florida has risen enormously since 2021, from about 3.1 trillion to 4.9 trillion in the previous year. The amount of the tax money that the local governments have collected has also increased. But this increase was not felt so hard by people who only own their primary home.

In Florida, homeowners receive tax exception for around $ 50,000 of the Firs 75,000 US dollars of the primary own house. It is called an exception to home stead. It does not apply to second houses or holiday homes. There are also additional exceptions for seniors, veterans and the disabled. Another protection, which is referred to as “Save Our Homes”, limits the property tax tax for real estate to 3% per year. This means that second houses, rental objects and business properties have found that their tax invoices have risen faster than the primary residences.

Governor Ron Desantis was one of the strongest supporters of the state for the abolition of tax. He said on Tuesday that he did not think the protection of the existing farm is doing enough to protect homeowners from exploding real estate values.

“You bought a house 10 years ago, and now someone tells you that it is worth a million dollars and you got a pony for more money for the government. Our exemption is not sufficient. It is not sufficient to protect taxpayers. So people are really caught and that's a big, big problem, ”he said.

A proposal in this session would commission a study to evaluate the effects of removing land taxes. Other legislators pursue legal provisions in order to issue immediate relief, but some of these suggestions would make the non -homestry real estate the greatest relief.

The state representative Ryan Chamberlin wants to do the property tax together in the next 7 or 8 years. He submitted a decision that would open a ballot initiative in 2026 that would provide a tax exemption of 100,000 US dollars for all properties and not just for homesteads. This means that real estate, such as second houses, companies and rentals, would receive a greater reduction in their tax invoices than the real estate heard.

“If you cannot pay basic taxes on your house, your family farm or your warehouse for small businesses, your property will be confiscated by the state and handed over to another person. Our seniors, some of them, who paid 30, 40 and even 50 years on their property, still have no. This is not taxes. That is slavery, ”he said.