US EditionGov. DeSantis says hotel taxes could fill budget holes once property tax phased out
- On January 9, 2024, Florida Governor Ron DeSantis called on the Florida legislature to direct billions of dollars towards cutting property taxes, with the ultimate goal of eliminating them entirely.
- DeSantis argues that high property values are burdening Florida homeowners, and he believes property tax relief should be prioritized, potentially funded by increased taxes on tourists.
- The Florida House proposed a cut to the sales tax from 6 percent to 5.25 percent, and DeSantis proposed $1,000 rebates for homesteaded properties to be issued in December; both proposals aim to provide $5 billion in tax relief, though lawmakers are considering the impact of eliminating property taxes.
- DeSantis stated, "Florida homeowners are suffering because of high property values," and suggested foreign tourists could pay more to replace property taxes, while the House proposes a 0.75-point cut in the sales tax.
- Eliminating property taxes, which would require legislative and voter approval via a 2026 ballot initiative needing 60% support, could impact local services like schools and infrastructure, potentially creating over $50 billion in revenue holes, though some believe it could make homeownership more affordable.
18 Articles
18 Articles
Gov. DeSantis says hotel taxes could fill budget holes once property tax phased out
If Gov. Ron DeSantis’ push to end property taxes is successful, he says tourists can fill the gaps. “If you ask people, would you rather not have to pay property taxes if that meant that Canadians and Brazilians may pay more hotel tax, I think 100% of Floridians would say that’s a trade that they would want to make,” DeSantis told Sean Hannity. The Governor continues to make the case that property taxes are an undue burden on homeowners, arguing…
Impact of Eliminating Property Taxes on Florida’s Housing Market
Florida Housing Market – A home for sale in St. Augustine, Florida, USA. Photo: Paul Brennan/Shutterstock.com Some local governments are considering eliminating property taxes to ease financial pressures on homeowners. Florida Governor Ron DeSantis recently suggested on social media that he would be open to abolishing these taxes statewide, though he acknowledged that doing so would require a constitutional amendment. According to Joel Berner, a…
Bay News 9
Spectrum News 13DeSantis urges lawmakers to take action to end property taxes at Orlando visit
To become a reality, the proposal would have to be approved by the voters as an amendment to the Florida Constitution.
DeSantis calls for billions in property tax relief, doubles down on eventually removing the tax
Governor Ron DeSantis is calling on the Florida legislature to direct billions of dollars toward cutting property taxes. And at a press conference Monday, DeSantis also doubled down on his goal to eventually eliminate property taxes. DeSantis says the House of Representatives produced a proposal to direct 5 billion dollars towards cutting taxes. And his goal is to focus those funds specifically on property taxes. “And if we do that, we would…
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