Florida has palm trees, plenty of sunshine (ergo the slogan 'Sunshine State'), an estimated 825 miles of sandy beaches and low taxes, but now it most likely will get even better. Governor Ron DeSantis has taken a bold stand for homeowners by proposing a major overhaul of the state's property tax system. His plan, which seeks to exempt homestead properties (meaning - if Florida is your primary residence) from all property taxes except those for schools, would effectively end the "rent" homeowners pay to the government.
Set to take effect in 2027, this initiative is designed to provide significant financial relief to Florida homeowners, ensuring that their hard-earned money stays in their pockets.
This move is a direct challenge to the status quo and a clear commitment to reducing government overreach. We're very happy with the leadership we have.
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The local county and city governments will just raise their taxes of us on other things. To make up for what they lose on property taxes. Tell me it won't be so....
ReplyDeleteI wonder if the idiot in mexafornia will take up the same idea. Would be nice, for a change.
ReplyDeleteHeltau
There are 7 or 8 proposals. Most all to keep the school taxes. They need 60% voter threshold. That will divide the votes 7 or 8 ways virtually gauranteeing none of them see 60%...and then they will say "see, we tried and the voters don't want it" They just can't and won't let go. School taxes, they claim, take up 46% of the property taxes. All the proposals target "NON-SCHOOL" property taxes. It's a joke. Never gonna happen.
ReplyDeleteHJR 201, which would eliminate non-school homestead property taxes;
HJR 203, which would phase out non-school homestead property taxes over the next ten years;
HJR 205, which would exempt homeowners aged 65+ from paying non-school homestead property taxes;
HJR 207, which would create a non-school property tax homestead exemption equal to 25 percent of the assessed value of the house;
HJR 209, which would create a $100,000 non-school homestead tax exemption for residences with property insurance;
HJR 211, which would eliminate the cap on portability, a measure that allows homeowners to transfer any tax savings accumulated from their previous place to a new one;
HJR 213, which would limit how much the assessed non-school property tax can increase for a home to 3 percent every three years from 3 percent annually for homestead property, and 15 percent over three years for non-homestead property instead of 10 percent per year.
Any law that he may push through to end property tax WILL be undone the next time the demonrats retake power. And eventually they will regain power. Abolition of property tax needs to be done at the Constitutional level which is much harder to do but also must harder to undo.
ReplyDeleteThis was on the ballot as a referendum in North Dakota in recent years. It was rejected because people realized that it would cause real estate prices to take off like a rocket. This favors the wealthiest.
ReplyDeleteI like the 'idea' of it, but there's a lot to consider vis-a-vis unintended consequences.
"...except those for schools".
ReplyDeleteGreat, schools account for about 80% of my tax bill.
Looking at YOU, RINO-run Tennessee.
ReplyDeleteHuh? Tn has a sales tax - around 9% all up with the county bit - and then a property tax that is easily the best system I've ever lived under. Basically the Tn property tax eliminates the lower-mill-rate/higher-valuation game that constantly raises property taxes everywhere else. The sales tax makes tax rates and spending both very visible AND essentially across the board; no free riders. The property tax kills the raise the valuation game, so increases there are again very, very obvious. OK, I'd rather not have any school taxes, but if we're going to have publicly funded schools then like fire, police, etc we have to find a way to pay for it. Pure sales tax? Sure. No public schools? Probably a good idea, but then how do we insure a baseline literacy for all? Not having that has been done; it's bad. Let's hear some ideas, not just grumbling.
DeleteIf only this concept could be adopted nationwide! $400 a month to "rent" my own home is punitive and unjust.
ReplyDeleteI too find property taxes painful, but . . . without them, how exactly do you expect your town to pay for those fire engines and police cars, and the salaries of the people who operate them? Or maintaining roads and streets, or collecting garbage, or . . .? The money has to come from somewhere. Maybe a local income tax? I'll bet you'd hate that even more than a property tax. If you're going to bitch about property taxes I'd love to know what your alternative is.
ReplyDelete