Gov. Ron DeSantis detailed several counties' homestead property tax exemptions under the initial $250k limit through a series of social media posts.
Florida's special legislative session to consider Gov. Ron DeSantis's "Save Our Homes" proposal to phase out homestead property taxes begins today.
Florida took in about $32 billion in property taxes in 2019. That number has now ballooned to $60 billion.
Hillsborough County
2018 taxes: $853 million
2025 taxes: $1.6 billion
Population growth (2018-2025): 8%
"61.2% of homesteads would have property taxes eliminated under initial $250k exemption," DeSantis wrote.
Pasco County
2018 taxes: $251 million
2025 taxes: $609 million
Population growth (2018-2025): 25%
"65.2% of homesteads in Pasco will be completely exempt from property taxes under the initial $250k exemption," DeSantis added on social media.
Broward County
2018 taxes: $853 million
2025 taxes: $1.8 billion
Population growth (2018-2025): 3.5%
"51.8% of homestead properties in Broward will be fully exempt under the initial $250k exemption," DeSantis wrote.
A property tax amendment, if passed with 60% approval by both the House and Senate this week, would also require 60% approval by Florida voters on November's ballot.
"The homeowners need relief, and so it's my view that if you are a Florida resident and you have a homestead, we want that to be tax free," DeSantis said on Fox News' Sunday Morning Features with Maria Bartiromo. "And so that's our vision, that represents about 30% of the overall property tax revenue, because they still have investment property, commercial property, and so this ballot measure will do an opening salvo of raising it, the exemption to 250(K) adjusted for inflation, so they can't play games, that will be 60% of Florida homesteaders tax free."
Gov. DeSantis also mentioned a $500K limit in the future.
"Once you get the 500,000 limit, that's 92% of homeowners, and then on and on it goes from there. But if we don't give homeowners relief, Maria, by 2032 they're going to be taking in $83 billion, so that would mean 32 billion in 2019 13 years later it goes to 83 billion, that is not sustainable," DeSantis continued. "And so, this is really a historic opportunity to have more money in people's pockets and actually have their home be their private property that the government just can't use as a piggy bank."
