TALLAHASSEE, Fla. (WCTV/Gray Florida Capital Bureau) – A proposed constitutional amendment that would phase out property taxes on homesteaded properties over 10 years passed its third and final committee on Thursday morning and is ready for a Florida House vote.
The proposal would give local governments time to adjust to operating without property taxes. The state constitution outlines property taxes as a way to fund local government, and any changes require 60 percent of the vote.
Florida Politics:
A second amendment significantly increasing the homestead exemption on insured properties is also ready for a vote. The timing for either vote has not been announced.
Speaker Perez recently said the legislature will put only one proposal on November’s ballot.
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