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Florida's Tax Cut Battle Heats Up | Real Estate News

Florida's Tax Cut Battle Heats Up | Real Estate News

Published 1 week, 4 days ago
Description

Florida’s governor is pushing a sweeping property tax overhaul aimed at boosting homestead exemptions and capping non-homestead value increases—but only for those who’ve lived in the state five years. The plan, however, excludes school taxes and is already under legal fire over its emotionally charged ballot language, accused of misleading voters. Opponents argue the title “Save Our Homes from Excessive Property Taxes” is biased, while the state defends it as truthful and necessary. Local officials warn passage could cripple budgets for schools, roads, and public safety. With ballots printing soon and a judge yet to rule, the Attorney General may rewrite the language—potentially making the amendment even more appealing. This fight unfolds as states nationwide scramble to tackle soaring housing costs and inflation.

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