π¨ JUST IN β IT'S OFFICIAL: Gov. Ron DeSantis has just called a Special Session of the Legislature to ABOLISH Florida homeowners' property taxes
THIS. IS. HUGE! π₯
Florida is about to make history. Once the legislature approves, it goes to the voters.
60% will EASILY pass this. It will be TELLING
(twitter.com)
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It doesnβt eliminate property tax on commercial and rental properties. The counties can set the millage rates and will increase them to make up for the reduction elsewhere.
Also the proposals thus far have not eliminated school taxes which account for 40-50% of the property taxes.
They are also talking about increasing the state sales tax from 6% to 12% to offset the revenue.
There is a lot of smoke and mirrors going on here.
All in all I think this is very unlikely to pass the Florida legislature and less likely to pass the amendment vote with the required 60%.