Florida's new tax plan will help some but not all

Florida voters will decide in November whether to expand homestead exemptions, cutting county and city property taxes under a plan that’s raised questions over who exactly benefits.

As it currently stands, the proposed amendment would dramatically reduce the amount of property value subject to non-school taxes — creating at least hundreds of dollars in savings next year for most area homeowners. But some experts warn the complicated formula could mean higher taxes for others.

Opening excerpt. Read the full story at Newsdata · Florida Government ↗