Florida House Committee Reviews Proposed Property Tax Reforms

Florida lawmakers are exploring major property tax reforms in response to concerns over rising home costs, insurance premiums, and declining migration to the state. Governor Ron DeSantis has proposed eliminating property taxes or significantly increasing the homestead exemption, while a newly formed House select committee will review various options, including a new $500,000 homestead exemption and changing tax caps. House Speaker Daniel Perez acknowledged the challenge of balancing tax relief with the need to fund essential local services like police and fire departments, emphasizing the importance of concrete proposals. The committee's recommendations could lead to constitutional amendments on the 2026 ballot, giving voters a direct say in the future of property taxation in Florida. While some welcome the potential relief for homeowners, others voice concerns about how cities would replace lost revenue without sacrificing services. Details of the reforms and their impacts are still being debated as the committee begins its work.