DeSantis Proposes Axing Taxes on Primary Homes in Florida (2)

Florida Governor Ron DeSantis unveiled a much-awaited proposal to gradually eliminate property taxes on the vast majority of primary homes in the state, a measure that would transform the way the state finances itself.

DeSantis proposed lifting the exemption on homesteaded properties to $250,000 which would fully eliminate property taxes for 60% of Floridians, the governor said in a press conference. The exemption would eventually rise to $500,000 and cover 92% of homeowners. The current exemption on the assessed value of a home is $50,000.

“If some billionaire from Brazil is buying, tax them, good, that’s fine with me,” DeSantis ...