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What Eliminating Property Taxes Could Mean For Florida Homeowners

Gov. DeSantis’s proposal to eliminate Florida’s property taxes would have a big impact on homeowners, residents and businesses. So is this really going to happen? Right now, it’s too early to say. Eliminating property taxes would require a constitutional amendment, which means a 60% voter approval and a detailed plan to replace the lost funding.

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Amended Live Local Act Signed Into Law By Gov. DeSantis

The law amends last year’s Live Local Act, which grants extra density and tax breaks for developers who include affordable housing units in their projects. The amended law essentially doubles tax breaks for developers who incorporate at least 71 affordable or workforce housing units and also mandates additional parking breaks for projects built near major transit hubs.

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