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Originally Posted by Ruger2506
Let's hope it goes through. I would love to see no property taxes.
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Eliminating property taxes isn’t going to help stimulate demand for homes as much as one might initially think, unless it’s for all homeowners regardless of their Florida residency status. My guess is that roughly half of Villages homes are owned by residents of other states, be it snowbirds, snowflakes, or inventors/landlords. If the property tax burden is shifted more towards homeowners who aren’t full time Florida residents, a big component of housing demand could very well begin to dry up. I get it that eliminating property taxes for full time residents, who happen to vote in Florida elections, is tempting to politicians as an effort to buy votes. That being said, they better be careful not to shoot the snowbirds/flakes that lay the golden eggs.
Also, the money that counties need to remain viable and operational has to come from somewhere. The state isn’t kicking back any income tax to the municipalities since there is no income tax. Many who don’t want any property taxes will be the first to start bitching when the roads go into disrepair and first responders get massive layoffs. Be careful what you ask for.