Florida Proposes Constitutional Amendment to Phase Out Property Taxes
- Reports
- 7
- Developments
- 5
- Repetition
- 71%
New informationRepeats or wire copies
What happened
Governor Ron DeSantis's office is finalizing the wording for a constitutional amendment in Florida that plans to gradually eliminate property taxes. The amendment, Amendment 3, could potentially save the average homeowner about $3,000 annually. However, county managers and property appraisers report that the tax savings calculator promoted by DeSantis's office has not been updated to reflect recent revisions to the proposal.
Why it matters
The proposal aims to provide significant tax relief to homeowners in Florida. Critics, however, warn that removing property taxes could cause budget shortfalls for local governments, potentially leading to cuts in public services like law enforcement and fire protection. These tax proposals are being reviewed by S&P Global Ratings as part of the state's credit evaluation.
S&P Global Ratings has graded over 100 Florida credits while the state has unveiled property tax cut proposals and faces credit pressure.
From yahoo.com
Who's involved
- Ron DeSantisGovernor who is pushing for a constitutional amendment to eliminate property taxes.
- FloridaThe state where the proposed constitutional amendment regarding property taxes is being considered.
- SarasotaA county whose property tax structure might be directly impacted by the proposed amendment.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SarasotaSpeculative
Sarasota might see changes in local government funding or service costs due to the proposed property tax structure changes.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Property tax cuts may strain Pinellas County's local budgetPinellas County may face budget shortfalls due to proposed property tax cutsPossible
- Property tax cuts may force Florida Cabinet to manage budget crisisProperty tax cuts may force the Florida Cabinet to manage massive state budget shortfallsPossible
- Miami-Dade County may face $445 million in tax cutsMiami-Dade County could face $445 million in tax cutsPossible
How it developed
Newest first. Tap a step to see who reported it.- Ron DeSantis discussed a tax amendment in Indian River County and responded to analysis from the Tax Foundation.Sub-event
DeSantis pushes for property tax elimination via constitutional amendment, drawing warnings about budget shortfalls.1 source
- Florida legislature approved an amendment proposal, noting that the cost of living in the state exceeds New York's average.Sub-event
- Ron DeSantis backs proposed constitutional amendment in Florida.Sub-event
New property tax initiatives proposed by DeSantis in Florida.1 source
Keep exploring
The entities involved
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Ron DeSantis
American politician (born 1978)
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Florida
state of the United States of America
Related events
- High-profile figures, including Grady Judd and Ron DeSantis, have expressed concern over a proposed property tax amendment in Florida.
- Ron DeSantis is campaigning on the issue of eliminating property taxes and raising state taxes.
- Ron DeSantis signed new state laws in Florida on June 17, 2026.
- The Florida Policy Institute began tracking the financial impact of proposed tax cuts, with expert Jerry Demings providing commentary on the reductions.
- A state constitutional amendment has been enacted that affects local revenue streams in Florida.