From Yahoo Finance: 2025-04-01 11:15:00

Lawmakers in Florida are considering eliminating property taxes, a move supported by Gov. Ron DeSantis due to soaring home prices. The average homeowner pays 0.79% of their home’s assessed value, totaling $3,041, on top of insurance costs ranging from $3,000 to $7,000 annually. Critics argue that eliminating property taxes would require doubling sales tax to 12%. The move is met with skepticism from many, as it would require a constitutional amendment and a vote. Many believe it would shift the burden to sales taxes and negatively impact state services.



Read more at Yahoo Finance: Florida Considers Ditching Property Taxes As The Cost Of Home Ownership Soars