[kkingston57]

Great for people who own property in Florida who do not get the Homestead Exemption. Problem is that something else is going to be needed to offset these taxes. Florida is already one of the least taxed states. Envision sales taxes going to 9-10%

[Byte1]

It ain't gonna happen.
Veterans get a very small benefit from tax relief, if you look at the small discount on property taxes. It's not even as much as homestead exemption, which is what, something like 50%??
Even if they really did give full time residents total exemption from property taxes, why do part timers think they should benefit from it. Why do they think that it is unfair to them? They are not totally committed residents of Florida if they have two different state homes and come here just to take advantage of a vacation home. Not everyone can afford two homes. Quit crying about someone else getting more break than you.

[fdpaq0580]

Originally Posted by BrianL99

Ron DeSantis just announced he's in favor of a Florida Constitutional Amendment, to abolish Real Estate Taxes.

What's in it for him? Just wondering.

[jimhoward]

That is crazy, they would never eliminate property tax. Its a way to get significant tax revenue from retirees which are a major Florida demographic.

How else will the county and towns get significant tax revenue from you in a way that cannot be easily avoided?

[tophcfa]

Originally Posted by jimhoward

That is crazy, they would never eliminate property tax. Its a way to get significant tax revenue from retirees which are a major Florida demographic.

How else will the county and towns get significant tax revenue from you in a way that cannot be easily avoided?

Florida has a unique situation where they can tax the tourists big time and they will sill keep coming. In economics terms, it’s called inelastic demand. They also hit part timers with more property taxes than full timers, since part timers typically don’t vote, so there is no payback for treating them as inferior even though they are residential homeowners just like the full timers.

[Papa_lecki]

Originally Posted by fdpaq0580

What's in it for him? Just wondering.

To be the first governor to eliminate property taxes.

[Papa_lecki]

Originally Posted by jimhoward

That is crazy, they would never eliminate property tax. Its a way to get significant tax revenue from retirees which are a major Florida demographic.

How else will the county and towns get significant tax revenue from you in a way that cannot be easily avoided?

Sugar tax (on sugary drinks - i.e. sodas, etc
Alcohol tax

In Philadelphia - the sugar tax is 1.5 cents per ounce
Alcohol tax is 10%

In ‘NY, the alcohol tax is
Beer 14¢/gal. state, plus NYC 12¢; Still and sparkling wine 30¢/gal. (natural); Spirits <24% $1.70 per liter state, plus 26¢; Spirits >24% 67¢ per liter

Sumter county will absolutely replace their property tax with a 10% tax on alcohol.
They only need to replace the property taxes for the full timers.

[BrianL99]

Food for thought.

I looked at buying a home in South Carolina, before I bought in TV.

The house was about $450,000.

As a "resident" of South Carolina, the real estate taxes would have been about $1800.

As a "Non-Resident" of South Carolina, the real estate taxes would have been about $4500.

(It was a few years ago, I might be a little off on the numbers.)

If you're a Resident of South Carolina in an owner-occupied home, you do not pay any school system operating costs and you're generally entitled to a 2% credit on your Real Estate Assessment. (4% vs 6% valuation).

Commercial properties and investment properties, carry the majority of the tax burden.

So a major change in Real Estate taxation, may not be as far-fetched as folks are posting.

[Topspinmo]

Originally Posted by jimhoward

That is crazy, they would never eliminate property tax. Its a way to get significant tax revenue from retirees which are a major Florida demographic.

How else will the county and towns get significant tax revenue from you in a way that cannot be easily avoided?

The lottery after all it was fix all for schools o wait 1/3 of my taxes is school district tax.