DeSantis calls special session for property tax plan
miamiherald.com • • general
Key Points:
- Gov. Ron DeSantis announced a property tax plan for the November ballot that would raise the homestead exemption to $250,000 and require the Legislature to create a plan to eliminate property taxes for most Florida homeowners.
- He plans to call the Legislature back to Tallahassee to add an amendment increasing the exemption to $500,000, potentially eliminating property taxes for 92% of Florida homeowners.
- The proposal includes creating a state trust fund to provide grants to local governments to help with the transition away from property tax revenue.
- The plan must pass the Legislature with a 60% majority and be approved by 60% of voters in November to take effect.
- A state website will be launched to help Floridians calculate potential savings from the proposed property tax changes.