Republican Gov. Ron DeSantis has railed against property taxes, which fund local governments and the services they provide — law enforcement, fire, EMS, disaster preparation and mosquito control, among many others — equating them to a form of modern-day feudalism where homeowners must "pony up money to the government just for the courtesy of using your own property."

To end this, DeSantis is pushing Amendment 3, a ballot measure crafted by his Republican statehouse allies that will be put to voters in the midterm election next month.

If passed, Florida "homesteaders," as permanent residents are called, will see a dramatic increase in an existing property tax exemption.

Any Floridian with a primary residence valued at $250,000 US or less — about 60 per cent of all homesteaders, according to the governor's office, although that figure has been questioned — would pay nothing and those with a home worth more than that would pay much less than they do now. The measure also calls on the state to eliminate homesteader property taxes entirely over time.

This constitutional amendment requires a 60 per cent supermajority, and at least one recent poll suggests it will easily clear that hurdle.

State economists project such a move will cost about $12 billion US annually, forcing local and county governments that depend on these taxes to make deep cuts, find new revenue elsewhere or both.

That's where things could get more expensive for the Canadians who own an estimated $60 billion US worth of property in the Sunshine State. DeSantis has explicitly described them as a resource to tap to close expected budget gaps.

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[–] 3 points 16 hours ago (3 children)

But but but, you got to think of the insurance companies. If a house burns down how are the insurance companies to bend the home owner further over the barrel?

Capitalism you have to keep that in mind!

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  • [–] 1 point 13 hours ago (2 children)

    It will just be required to hold and when it burns all the way down they will write it off as a total loss, and you will be forced to continue paying

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  • [–] 1 point 10 hours ago (1 child)

    So the insursance companies will still be charging the displaced people who need to break into other places to feed themselves and/or children, they will then take things to sell so that they can pay for that insurance because employement will be hard to keep or get without a perminate address. Than those people will need to pay for the replacements of stolen items, insurance does not cover 100% of stuff and their insurance raits will go up!

    Capitalism, you got to remember them rich people need to get richer!

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