Florida Property Tax Elimination: Impacts on Real Estate and Homeowners

Florida Property Tax Elimination: Impacts on Real Estate and Homeowners

Explore Gov. DeSantis's proposal to eliminate property taxes in Florida, its implications for the housing market, and expert insights. Learn how this could reshape local services and costs.

Florida Gov. Ron DeSantis has proposed a constitutional amendment to eliminate property taxes statewide, sparking debate about its feasibility and consequences for homeowners, public services, and the real estate market[^1][^5]. With median property taxes rising 47.5% since 2019 in Florida—and South Florida seeing even steeper hikes—this plan could reshape the state’s financial landscape[^1][^2].

Ron DeSantis’s Proposal: Key Details

DeSantis argues property taxes are “oppressive and ineffective,” requiring a voter-approved constitutional amendment (60% support) to abolish them[^1][^5]. While Florida relies heavily on sales tax revenue, property taxes fund critical local services like schools, police, and fire departments.

Why It Matters for Florida Homeowners:

- Median 2024 property tax: $3,101 (up 9.5% YoY)[^1].
- South Florida spikes: Miami-Dade (+56.8% since 2019) and Broward County (+56.8%).
- Without replacement revenue, experts warn of service cuts or higher sales taxes.

Impact on Florida’s Housing Market

Florida’s real estate market, already strained by soaring home insurance costs, could face new challenges.

Key Considerations:

Local Services: Schools and emergency responders rely on property taxes for ~30% of funding[^5].
Revenue Alternatives: A state study (SB 852) explores shifting to consumption taxes, which might raise everyday costs[^5].

Homeowner Sentiment: Mixed reactions—some welcome relief, while others fear unintended consequences[^5].

Florida real estate market trends`
Property taxes in Miami-Dade County`
Buying a home in Florida`
Florida housing market update`

 “How will eliminating property taxes affect Florida schools?”
“Is Florida’s sales tax a better alternative to property taxes?”

Expert Reactions and Next Steps

Economist Amir Neto emphasizes the need for a revenue replacement plan, while policy analyst Dr. Esteban Santis warns of “repercussions” for public services[^1][^5]. The legislature will debate the proposal starting March 4, with a final decision hinging on voter approval[^5].

**Stay Informed:** Follow updates on Florida’s property tax reforms and their impact on North Port’s real estate landscape.

[^1]: https://www.housingwire.com/articles/desantis-wants-to-ban-property-taxes-in-florida/

[^2]: https://www.housingwire.com/articles/desantis-wants-to-ban-property-taxes-in-florida/

[^3]: https://inboundrem.com/real-estate-seo-keywords/

[^4]: https://www.virtuance.com/blog/top-real-estate-seo-keywords-2023/

[^5]: https://www.cbsnews.com/miami/news/desantis-signals-support-for-property-tax-elimination-in-florida/

[^6]: https://upinfifty.com/real-estate-seo-keywords/

[^7]: https://www.floridatrend.com/article/42514/desantis-wants-to-eliminate-florida-property-taxes-could-he-pull-it-off

[^8]: https://www.roofai.com/blog/real-estate-seo-keywords/

[^9]: https://realestatebees.com/best-keywords-for-real-estate-investors/

[^10]: https://marketkeep.com/seo-keywords-for-tax-relief-services/

[^11]: https://www.colibrirealestate.com/career-hub/blog/50-topics-real-estate-blog/

[^12]: https://www.rentspree.com/blog/real-estate-hashtags

[^13]: https://www.kiplinger.com/taxes/will-florida-property-tax-be-eliminated

[^14]: https://www.sierrainteractive.com/insights/blog/95-real-estate-keywords-to-use-for-seo/

[^15]: https://www.biggerpockets.com/forums/888/topics/1231162-gov-desantis-wants-to-eliminate-property-taxes-in-florida

[^16]: https://www.proplogix.com/blog/marketing-tip-for-real-estate-and-title-companies-leverage-local-seo/

[^17]: https://www.miamihal.com/hals-blog/2024/2/11/eliminating-property-tax-in-florida

[^18]: https://www.prestigelinks.com/post/best-seo-keywords-for-real-estate

[^19]: https://meehansfamilymoving.com/blog/palm-beach-county-property-tax-guide/

[^20]: https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/

[^21]: https://www.luxurypresence.com/blogs/best-real-estate-keywords/

[^22]: https://instapage.com/en/template/mobile-page-template-for-property-tax-protest-companies-in-florida