(04-07-2024, 12:23 PM)Snarl Wrote: Florida makes its money off of property taxes. You get a pretty good break if you've got livestock (part of that learning stuff). They also have a grandfather tax thingy where your taxes don't flux after you've owned a place for a while ... even if the appraised value skyrockets.
there was a bill in the in the house to do away with property taxes. but it died in committee.
Quote:TAMPA, Fla. (WFLA) — Florida lawmakers could eliminate all property tax and replace lost revenue through a consumption tax, according to the Florida Senate.
House Bill 1371, originally filed on Jan. 5, exempted $100,000 of the value of real property from being taxed. Those over the age of 65 would be qualified to be exempted from property tax up to $250,000.
Florida bill would eliminate all property taxes
from the Bill PDF,
Quote:HB 1371 2024
CODING: Words stricken are deletions; words underlined are additions.
hb1371-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled1
An act relating to property tax exemptions; creating2
s. 196.2003, F.S.; creating a certain exemption from3
all taxation for real property; creating s. 196.076,4
F.S.; creating a certain homestead exemption from all5
taxation for certain property; authorizing the6
Department of Revenue to adopt rules; requiring the7
Office of Program Policy Analysis and Government8
Accountability to conduct a study and submit a report9
by a specified date; providing a contingent effective10
date.
CS/HB 1371: Property Tax System Study GENERAL BILL by Ways & Means Committee ; Chamberlin Property Tax System Study; Requires OPPAGA to conduct a specified study & report findings by specified date.
then there was another for increasing Homestead Exemption,it passed the state house, but hasn't gone anywhere in the state senate yet.
Quote:The Florida House of Representatives passed a bill to increase property tax exemptions in Florida annually with inflation.
Florida lawmakers passed HJR 7017 with a margin of 86-29 – more than enough to meet the two-thirds requirement. The implementing legislation, HJR 7019, directs the Florida Legislature to make sure fiscally constrained counties get a budget offset to make up the difference.
Homestead tax exemption could double, but cause shortfalls
at least some of the house has the people interest in mind, others and the senate need to shit or get off the pot.
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Jack Reacher