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The legislators in Florida consider measures to end the property tax

Tallahasee, Florida – Governor Ron Desantis recently announced that he supported the idea of ​​ending the basic taxes in Florida.

If the plan is successful, Florida would be the first state in the nation to remove property taxes. However, opponents of the move indicate that the tax is a primary sources of income for local governments.


What you need to know

  • Governor Ron Desantis said this week that he supported the idea of ​​ending basic taxes in Florida
  • If the plan is successful, Florida would be the first state in the nation to remove property taxes
  • Legislators consider laws to start the process of termination of the tax in the Sunshine State

“Is it your property or not? You basically pay the rent to the government to live on your own property, ”said Desantis.

Property taxes finance local services, including schools, streets and parks. It also finances emergency services such as firefighters and police.

“This is different that sounds like a very sexy idea, but in practice it would actually do our local communities chaos,” said Fentrice Driskell, leader of house minority.

The Republicans in Florida proposed two proposals for real estate insurance companies by Tuesday. A proposal would be commissioned by a study that analyzes the effects of the elimination of property tax. The other would increase the liberation of the state from $ 50,000 to $ 75,000 per year.

“We have to have a balanced budget,” said Esteban Leonardo Santis, analyst for politics of the Florida Policy Institute. “If you eliminate an important source of income, you must either make cuts to take this into account, or you have to increase taxes elsewhere.”

A possible option is a higher sales tax. The Florida Policy Institute estimates Florida would have to get 43 billion US dollars back to replace real estate tax revenue.