The impact on school districts alone would be in the billions of dollars, according to the analysis by FPI, a self-proclaimed non-partisan, independent research organization.<\/p>\n
\u201cThe resolution\u2019s $250,000 homestead exemption alone would cost school districts an average of $5 billion annually \u2014 the revenue loss would increase to $8.59 billion annually if lawmakers eliminate homestead property taxes by (fiscal year) 2030-31,\u201d the FPI report concluded.<\/p>\n
But schools alone are not the only local government functions that would see a loss in substantial revenue. The FPI report said costs to county coffers in general could be extreme.<\/p>\n
\u201cUnder the resolution\u2019s $250,000 homestead exemption, counties would lose an average of $4.8 billion annually,\u00a0which could increase to $8.65 billion with full homestead elimination by FY 2030-31,\u201d the analysis projected.<\/p>\n The Special Session is by no means a slam dunk for DeSantis for the measure under consideration by legislators. It will take 60% of the vote by both Senate and the House members to get approval.<\/p>\n And the state is countering criticism of the proposal with a special \u201cSave Our Homes<\/a>\u201d website \u2013 created by the state \u2013 to show individual homeowners how much they\u2019d save on their property tax bills if the proposals get clearance by legislators. Permanent residents can enter their addresses on the website and see what \u00a0homestead exemptions change financially under the measure.<\/p>\n People who move to Florida after the amendment passes would have to pay homestead taxes for five years, DeSantis said, a backstop that is intended to \u201cmitigate\u201d undue benefits for newcomers.<\/p>\n ___<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/12\/FloridaPolitics.com_ColodnyFass_728x90.jpg\")
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