Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, July 9
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Florida communities warn lawmakers about property tax cuts
    Property

    Florida communities warn lawmakers about property tax cuts

    December 2, 20254 Mins Read



    Local governments fear imposing major cuts in services if they lose property tax revenue.

    play

    Intent of Senate Bill 180 was altered to accomodate developers

    State Rep. Fiona McFarland shared her thoughts on key state issues, including the intent of Senate Bill 180, when first drafted by lawmakers

    • The Florida House is advancing four property tax cut bills despite concerns about potential cuts to local government services.
    • One major proposal would ask voters in 2026 to eliminate non-school property taxes for homestead properties.
    • Opponents, including local officials, worry the tax cuts could lead to reduced services like fire and emergency response.

    The Florida House is moving forward with four property tax cut bills, over concerns from Democrats and local government officials they will result in drastic cuts in services.

    House Speaker Daniel Perez, R-Miami, backed eight property tax cut bills but only half passed through the House State Affairs Committee Dec. 2.

    Of the bills that passed, HJR 201, which would put a measure on the 2026 general election ballot to eliminate non-school property taxes for homestead properties, would cause the biggest hit to local governments’ coffers and save the most for homeowners who are permanent Florida residents.

    State economists project the measure – if approved by 60% of voters – would cut taxes by $14.1 billion in the 2027–28 budget year, and $18 billion in future years.

    For opponents of the bill, that’s too big a hit for many cities and counties, especially those in rural areas with a slim property tax base. Republican lawmakers and other supporters noted the bill and the three others keep taxes for K-12 schools and prohibit local governments from cutting police budgets.

    The bills passed on partisan votes, with Republicans in favor and Democrats opposed. Trip Barrs, Treasure Island Fire Rescue Chief and President of the Florida Fire Chiefs Association, asked lawmakers to include fire and emergency services in the part of the bill banning cuts to their budgets.

    “Many emergency medical services and fire protection across the state is funded through property tax revenues,” Barrs told the committee. “If those revenues decline without an established alternative revenue source there will be a direct and unavoidable impact to service delivery. That looks like longer response times, possible staffing reductions and it will put lives unnecessarily at risk.”

    Lawmakers to locals: Tighten your belts

    Other bills that passed were measures to eliminate non-school property taxes for homestead properties owned by people 65 and older (HJR 205), eliminate non-school property taxes for those homestead residents with property insurance coverage (HJR 209) and removing the $500,000 cap transferring the benefit of the difference between the taxable value and the just value (or market value) to a new homestead (HJR 211).

    Republicans supporting the bills pointed to the sharp increase in property taxes in the last five years, arguing local government leaders should be tightening their belts: “They should relish the opportunity to get in front of their voters and justify the services they are providing,” said Rep. Wyman Duggan, R-Jacksonville.

    But Democrats on the panel grew frustrated with the lack of details in the bills.

    Will inflation and population increases be factored in to police budget needs in future years? Could there be income requirements or a requirement to own a home for a period of time before getting the tax cut benefit?

    Answers to those questions would be made in the implementing bills lawmakers would have to pass if voters approve the ballot measures, Republicans said. Democrats balked at that plan, and urged them to issue implementing bills in tandem with the ballot measures.

    “This is the biggest, ‘bro’ just trust me,’ that I have ever seen in my life,” said Rep. Ashley Gantt, D-Miami.

    Although the bills have one more committee hearing before reaching the House floor, it’s still not clear what will eventually wind up on voters’ November 2026 ballots.

    Gov. Ron DeSantis, who has prioritized major property tax cuts, has criticized the House approach, preferring one standalone ballot measure that exempts all property taxes for homestead properties. And the Senate hasn’t advanced any property tax cut bills yet ahead of the regular session, which begins Jan. 13.

    “We are definitely not at the finish line by any means,” said Rep. Toby Overdorf, R-Palm City.

    Gray Rohrer is a reporter with the USA TODAY Network-Florida Capital Bureau. He can be reached at grohrer@gannett.com. Follow him on X: @GrayRohrer.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThe S&P 500 Could Shoot 18% Higher in 2026, Top Stock Strategist Says
    Next Article Bitcoin Dipped Below ‘Fair Value’ for First Time in 2 Years, History Says 132% Gains Next 12 Months

    Related Posts

    Property

    China property market erases $18T-$20T in wealth since 2021 peak: BIS

    July 8, 2026
    Property

    UK house prices rise for first time since start of Iran war | House prices

    July 7, 2026
    Property

    UK house prices rose for the first time in four months in June — what it means for investors

    July 7, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Japan’s Current Account Surplus Hits ¥30.3 Trillion in Fy2024; Increase of 16.1% from Previous Year

    May 12, 2025
    Bitcoin

    Bitcoin Sell-Off Led by Mid-Cycle Wallets While Long-Term Whales Hold Firm: VanEck

    November 20, 2025
    Stock Market

    Why the Brutal Stock Sell-Off Is a Bullish Sign for the SpaceX IPO

    June 10, 2026
    What's Hot

    Gas prices are down, but commodities still control inflation’s future

    July 25, 2022

    Tando Is Unlocking Spending Bitcoin For 40 Million Kenyans

    June 26, 2026

    A Senlis, le bilan de mandat financé par le contribuable, à quelques mois des élections municipales, scandalise l’opposition

    July 4, 2025
    Most Popular

    Vinanz décroche un financement relais de 4 millions de dollars pour développer ses activités liées au Bitcoin

    May 14, 2025

    The Commodities Feed: Middle East Tensions Build

    July 22, 2024

    Where do howeowners pay the highest property taxes in Franklin County?

    March 27, 2025
    Editor's Picks

    Will cocoa and other commodities rally in 2025?

    January 18, 2025

    Gold prices fall, but record high in sight amid inflation angst, M.East fears By Investing.com

    August 13, 2024

    Conflict-inspired uncertainty continues but UK property’s appeal remains

    April 8, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.