Gov. DeSantis' property tax relief will come at a cost | Opinion

Property tax reform proposals have received significant attention over the past year. Last week, the Florida legislature approved a ballot measure to raise the homestead exemption from $50,000 to $250,000 over two years. To offset the resulting loss in local revenue, the plan would also create a state trust fund to distribute money to local governments. Proponents argue that this would make housing more affordable. Not only are the claims misleading, but there will be negative unintended consequences.

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