From Fox Business: Florida Gov. Ron DeSantis detailed the next regulatory steps for the state’s effort to eliminate property taxes on primary residences in Florida.
DeSantis reiterated Friday that the goal is to eliminate property taxes “completely” for homesteaded residents — a move that, if adopted, would make Florida the first state in the nation to eliminate property taxes on primary residences while also having no state income tax.
Lawmakers are reportedly advancing a package of proposals in the Florida House that include a $500,000 homestead exemption (with a potential maximum of $1 million for seniors), a cap on assessment increases, and the option of eliminating property taxes on homesteads altogether.
“People are being pinched across the economy in a lot of things,” DeSantis said on FOX Business’ “Varney & Co.” Friday. “We’re doing fine at the state [level], but the local property taxes are hurting people.”
“The reality is these local governments have overspent, and people are paying more and more for that. And at some point it’s like, when is enough, enough?”
Read more at Fox Business
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