Florida Property Tax to Be Eliminated for Seniors Under New Proposal

[In It to Win It]

Florida Republican lawmakers introduced eight new bills on Thursday that aim at cutting property taxes in the state, responding to Governor Ron DeSantis’s call for urgent action to ease the growing financial burden on homeowners.

Most of the bills include a homestead exemption, and seven out of eight are expected to appear on the 2026 general election ballot. One of the bills would completely exempt senior homeowners from paying non-school homestead property taxes, targeting the group that has been said to suffer the most from recent hikes in property tax bills.

“What has been lost in this debate has been the fact that the ultimate decision on what should happen with property taxes belongs not with elected officials but with the people of Florida,” House Speaker Daniel Perez said in a memo announcing the plans. “If we have faith in the voters to elect us, we should not be afraid to let them be a part of the conversation about the taxes they pay.”

Newsweek reached out to Perez and the Florida Senate for comment via email on Friday morning.

https://www.newsweek.com/florida-property-tax-eliminated-seniors-new-proposal-10894395

[LonePirate]

1. Florida is about 2-3 years away from having some massive fiscal pain.

Tourism will remain on the downswing as foreigners stay away while Trump is in office which will lead to reduced revenue from hotel and sales taxes. These property tax bills will pass which will further reduce tax revenue. The immigration crackdown will decimate the state’s agricultural, health care and construction industries. A bright flight is likely soon to occur, if it is not already happening, as higher educated residents flee to saner pastures taking their productivity and high incomes with them. The insurance market continues to cripple the state and the non-existent hurricane threat this year won’t stay that way forever.

Good luck to any DUers in Florida as you’re going to need it.