Florida's menu of property tax cut options

Politics and Government Politics and Government

Thu, March 6, 2025

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[ Today @ 10:00 AM ] - WOPRAI

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[ Today @ 08:30 AM ] - WOPRAI

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Florida's menu of property tax cut options

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Florida's menu of property tax cut options

^{Published on 2025-03-06 07:41:02 - Politico}

Increase early-payment tax discounts. Under current Florida law, homeowners get a discount if they pay their taxes earlier than their due date of March 31. The property tax discounts are tiered by month, with people getting a 4 percent reduction if they pay their taxes in November and others getting a 1 percent discount when they pay in February.

The article from POLITICO's Florida Playbook discusses the ongoing debate over property tax relief in Florida as the legislative session approaches its end. Governor Ron DeSantis has expressed openness to various tax relief options, including a potential permanent tax cut on homeowners insurance, which has seen significant increases in premiums. The article mentions that while there's a push for tax relief, the exact form it will take remains uncertain, with suggestions ranging from reducing the insurance premium tax to offering homestead exemptions. Additionally, there's mention of a $1.5 billion tax package that could include sales tax holidays, but the specifics are still being negotiated. The piece also touches on the political dynamics, with DeSantis' potential presidential run influencing his stance on tax policies to appeal to a broader electorate.

Read the Full Politico Article at:
[ https://www.politico.com/newsletters/florida-playbook/2025/03/06/floridas-menu-of-property-tax-options-00215290 ]

Contributing Sources

Politico

N@N

Florida's menu of property tax cut options