ORLANDO, Fla. \u2014 Gov. Ron DeSantis has called a special session for Monday to address property tax cuts. <\/p>\n
The proposal starts with a $250,000 exemption and aims to eventually eliminate property taxes entirely.<\/p>\n
Data from the non-partisan Tax Foundation indicates that the average homeowner in Orange County could save $3,000 annually under the proposed plan. <\/p>\n
The Tax Foundation also reports that Florida\u2019s average property tax rate is the 27th highest in the country.<\/p>\n
Local governments have cautioned that property taxes constitute a significant portion of their budgets, funding essential services such as schools, police and firefighters.<\/p>\n
This proposal is part of a nationwide effort to reduce property taxes. <\/p>\n
While several states have approved tax cuts, Florida would be the first to entirely eliminate property taxes if the plan is approved.<\/p>\n
Any plan approved by lawmakers will be placed in the November ballot for voter consideration. <\/p>\n
The ballot initiative would require 60% support to pass.<\/p>\n
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