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.
“Legislature pulled school property tax out of the equation and removed the state trust fund @GovRonDeSantis has pitched to backfill local budgets,” Stofan noted.
“House approved the measure earlier on a 75-26 vote,” he added.
On a 30-9 vote the @FLSenate has placed a property tax phase out plan on the November ballot.
Highlights:
1st year- $150K homestead exemption
2nd year- $250K exemption
Beyond- Legislature will set schedule
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