Republican Gov. Ron DeSantis has railed against property taxes, which fund local governments and the services they provide β law enforcement, fire, EMS, disaster preparation and mosquito control, among many others β 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 β about 60 per cent of all homesteaders, according to the governor's office, although that figure has been questioned β 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.
all 17 comments