DeSantis Proposes $250,000 Homestead Exemption to Erase Taxes for 60% of Florida Homeowners
Updated
Updated · Bloomberg · May 27
DeSantis Proposes $250,000 Homestead Exemption to Erase Taxes for 60% of Florida Homeowners
10 articles · Updated · Bloomberg · May 27
$250,000 in homestead exemption would wipe out property taxes for 60% of Floridians with primary homes under Ron DeSantis's proposal.
The plan would later raise the exemption to $500,000, extending full property-tax elimination to 92% of homeowners, up from the current $50,000 exemption.
Florida lawmakers must approve the measure before it can reach the November ballot, where voters would decide whether to adopt it.
The proposal targets primary residences rather than all property, framing a phased overhaul of how most Florida homeowners are taxed.
How will Florida replace $20 billion in lost revenue without shifting the tax burden to renters and businesses?
Can Florida eliminate homeowner property taxes without defunding essential services like police, fire, and local schools?