The state’s overall tax burden has nonetheless been ranked among the nation’s lowest for decades according to the Tax Foundation, a non-profit and non-partisan educational and research retained earnings organization. Tonya Moreno is a licensed CPA with about 15 years of diversified accounting, tax, and management experience. She is an expert in the field who has worked as a tax accountant for many large, multi-state corporations. Exemption is based on the percentage of time deployed over the past year. DeSantis and Florida’s chief financial officer, Blaise Ingoglia, have worked to squash those concerns. Griffitts said any policy that would lead to public safety cuts would be a political nightmare.

Real estate tax

The 2026 Florida property tax elimination ballot language itself will be crucial. Constitutional amendments taxes en florida must be clearly worded, and the phrasing can significantly influence voter behavior. Supporters will want language emphasizing homeowner relief, while opponents will focus on service impacts.

• The House committee will present recommendations during the 2026 legislative session.
• Interest charges accumulate on unpaid taxes based on the adjusted floating rate set by the DOR.
• It’s your responsibility to double-check all information before making any financial decision.
• Critics worry about sacrificing the public investments that made Florida attractive in the first place – quality schools, safe communities, and well-maintained infrastructure.
• Taxes are incredibly complex, so we may not have been able to answer your question in the article.

❌ Would Still Be Taxed

We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. FinanceBuzz does not provide credit cards or any other financial products. Some or all of the offers that appear on this page are from third party advertisers from which FinanceBuzz receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which Outsource Invoicing they appear). There are no «death taxes,» otherwise known as inheritance taxes, in Florida on the value of estates or inheritances. The Florida estate tax was repealed effective Dec. 31, 2004, and it cannot be reinstated.

• Florida is a popular destination known for its sunny beaches and theme parks.
• Ignoring an inaccurate property valuation is one of the most expensive mistakes homeowners make when it comes to saving on property taxes.
• Taxpayers can check if they claimed this credit by looking at their 2021 tax return and checking if they left the Recovery Rebate Credit field blank or filled it out as $0.
• While there’s no state income tax in Florida, most residents still need to file federal income taxes each year.
• Reversing a constitutional amendment is extremely difficult and would require another constitutional amendment approved by 60% of voters.

eFile and Pay Taxes, Fees, and Remittances

• Any credible effort to cut property taxes would look at the potential consequences and collect all information.
• Florida’s Department of Revenue website has more information available.
• However, residents and business owners must still comply with various state and local taxes, including sales tax, corporate income tax, and property taxes.
• Finally, two items don’t incur sales taxes at all when purchased in Florida, the American flag and the Florida state flag.
• If you live in Florida, are you getting a good return on your state tax investment so you can get ahead financially?
• Speakers at last month’s meeting said the park is drawing homeless people.

Authoritative sources from government agencies and policy organizations to help you stay informed about Florida’s property tax elimination proposal. The question isn’t whether Florida can afford to eliminate property taxes – it’s whether the replacement system will be better, worse, or just different than what exists today. The state will need to implement whatever revenue replacement mechanism was included in the amendment or approved separately by the Legislature.

Miami, often called the Magic City, is the second-largest city on the East Coast and one of the top destinations in the U.S. Known for its beautiful beaches, lively nightlife, and warm tropical weather, it’s a hotspot for both visitors and residents. Despite offering a high quality of life, the state stands out for its tax-friendly policies compared to many others.