Florida Governor Ron DeSantis announced plans to eliminate property taxes, claiming they are an ineffective form of taxation. To achieve this, a constitutional amendment would be required, needing 60% voter approval. Despite the appeal of tax elimination, experts warn that this could jeopardize funding for essential services such as police, fire, and schools, which are heavily reliant on property taxes. In South Florida, property taxes have risen sharply, reflecting the growing financial pressure on homeowners amid high property values.
Gov. DeSantis believes eliminating property taxes will reduce oppressive taxation but warns it could impact critical services, requiring alternative revenue sources.
Florida's median property taxes have surged, with Miami-Dade and Broward seeing significant increases, emphasizing the financial burden on residents amid home price appreciation.
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