Florida Gov Ron DeSantis endorses the idea of abolishing property taxes

DeSantis pushes bold amendment to end property taxes in Florida | wtsp.com

 

I would bet for most people, property taxes are less than insurance. In some cases a lot less, mine is about half the cost of insurance.
Schools are always what people complain about with property tax but fire, police, stormwater and a bunch of other stuff go into property taxes.
I would rather keep the property taxes as is since it's local and my property tax money stays local rather than give it to the state to move it where they want.
I would rather not look at raising the sales taxes drastically or the non-starter of a state income tax.

 

It would be interesting to see the net impact on lower income Florida residents ..... as their occupancy costs in the form of property taxes paid directly or indirectly (via rents) should decrease. Would that decrease offset the increase in sales taxes?

If you assume an increase in the base sales tax rate from 6% to 12%, then every $1,000 in property tax savings would be equal to the additional 6% sales tax on $16,667 is retail purchases - $1,389 per month.

I wonder if the plan anticipates doubling the sales tax rate on large purchases such as automobiles? I think they should be exempt, but I'd support the increase on recreational vehicles (boats, ATVs, motorcycles, airplanes, etc) but not on autos; maybe implement the increase on luxury vehicles ... say on the purchase price over $40K.

The nice pick up for Florida residents would be the doubling of sates tax revenue on purchases by visitors.

 

It’s a great way to start negotiating. Florida has long needed to restructure the property tax and homestead exemption specifically but I don’t see where it be eliminated practically.

This is one reason that Mrs Aging and I have not downsized. We could easily and comfortably drop 1600 square feet of house, but after 22 years we would take a massive hit on Property taxes of probably $3,500 year

 

This would be a big transfer of tax burden from the wealthy who own expensive properties to the working class who pay a much higher percentage of their income in sales tax.

 

You would also have to implement service taxes. Good luck with that Governor Martinez errr DeSantis.

 

Another tax cut for the wealthy. When they raise taxes in other areas to make up the difference who will feel the tax increase the most?

 

He probably thinks we can make up the difference with tarriffs on California and New York.

 

The biggest problem I see with it is that property taxes vary across the state (mostly due to value but there are millage differences as well). A house in Blountstown is not going to have as high a tax bill as a house in Tampa. You know damn well that by getting rid of the property taxes per county and increasing the states tax coffers is not going to result in an equitable distribution of those taxes to pay for infrastructure and schools / fire departments.
Some counties have even voted to have their sales tax increase to provide more money for roads and schools and such. This proposal would negate all that.

 

Good luck passing anything that needs a 60% threshold

 

Even republicans are ignoring DeSantis so it will never happen.

 

significantly shifts major tax burden to longtime residents with homestead exemptions and anybody else that lives here. Overwhelming majority of income in some areas comes from high end second homes not covered under save our homes. eliminate that and the burden falls on the people that do have SOH protection. great idea for rich snowbirds, not so much for us old crackers

 

the soh savings transfers

 

RE your statement below, is that correct? I found the following:

ORANGE COUNTY, Fla. — Florida’s taxpayers would be whacked with the highest sales taxes in the nation if the state follows through with Gov. Ron DeSantis’ proposal to ditch property taxes, a think tank’s analysis reported Monday.

The nonpartisan Florida Policy Institute’s (FPI) research showed the base sales tax would spike from its current 6% to 12%, though researchers said the inevitable slowing of purchases would force the state to raise taxes even higher.

The rate would be on top of local sales taxes and surtaxes, like Seminole County’s infrastructure tax and many school district’s sales taxes.”

Florida’s sales tax would more than double if state ditches property taxes

 

This benefits me so to hell with everyone else. AMIRITE MAGA?

 

Yep, I'm not a fan of the save out homes legislation, but we have been milking it since inception. We've downsized a couple of times so getting rid of RE taxes is not a huge benefit to us, but if they could include that cdd bill......

 

On second homes too?

 

yes, there are counties around here (Hillsborough, Pasco, Manatee and Polk) that have voted on a county referendum to add a penny or half cent sales tax increase to fund certain things in the county. Most of these sales tax increases are for a fixed amount of years and then mostly schools / teacher salaries but also roads and such. Sales tax percentages vary by county right now because of this. I think the base rate is like 6% but most counties are around 7 or 7.5%. I was driving down I-10 and it was either Madison or Hamilton county is was like 8%.