Florida Voters Back Tax Cut, But Not Enough
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
56% of Florida voters support eliminating property taxes on homesteaded homes, but it needs 60% for constitutional amendment. The Florida House passed a plan to gradually scrap most non-school property taxes over ten years. Local leaders warn of severe consequences, with Seminole County facing a $130 million revenue loss and smaller cities like Oviedo potentially losing 51% of homestead-related value. Officials expect adjustments, advocating for targeted tax relief for seniors and first-time buyers instead of full cuts.
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