Quote:
Originally Posted by mtdjed
Perhaps you read an article saying "Lower" not abolish. And even that only lower for some people.
The state really does not control real estate taxes There is a law that limits the assessed value of homestead property to 3 % or the CPI whichever is less. But the local government determines the tax rate based upon anticipated budget requirements . The total Local government requirement is extremely likely to increase each year. Your actual rate can actually decrease if you are in a growing area, but is not going to be abolished.
Hopefully readers don't get themselves into a frenzy due this thread.
"But in this world, nothing can be said to be certain, except death and taxes."—Benjamin Franklin
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No, I read exactly what DeSantis said on X last night:
"Property taxes are local, not state. So we'd need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them...
We should put the boldest amendment on the ballot that has a chance of getting that 60%...
I agree that taxing land/property is the more oppressive and ineffective form of taxation..."
Local Government does
not determine the Tax Rate, based on
anticipated Budget requirements. Tax Rate is derived from the actual Budget.
Whether your "tax rate" goes up or down, has nothing to do with a "growing area" or non-growing area. A tax rate is nothing more than an apportionment factor. It is not really "set", but rather derived from an actual budget, divided by the total assessed value.