Florida Residential Real Estate Lawyers

Speaker Rubio, House Leaders Propose Responsible, Immediate Property Tax Relief

House Plan rolls back property tax rates this year, caps the rate of revenue growth of state and local government, limits property tax increases on non-homestead property and eliminates all property taxes on homestead properties

TALLAHASSEE, FL – Following through on their 100 Ideas efforts, House Speaker Marco Rubio, Chairman Ray Sansom, and other House leaders this morning unveiled a comprehensive property tax relief proposal designed to cut Floridians’ property tax bills by nearly 20 percent this year.  In addition to reducing property tax bills by nearly one-fifth, the House leaders’ relief plan caps the rate of revenue growth for both state and local government at reasonable levels and gives voters the option of abolishing property taxes on homestead properties and replacing it with a modest increase in the sales tax.

“When we traveled the state last year listening to Floridians’ ideas, we heard a common refrain.  Property taxes have grown so burdensome that homeowners and business owners fear being forced out of the homes and businesses that they have worked so hard to build,” said Speaker Marco Rubio (R-Miami). “Floridians were adamant: timid tweaks to the status quo will not do. Our proposal is a bold idea that provides comprehensive reform and meaningful tax relief to all Florida property owners.”

Bringing real property tax relief to Floridians was Idea 96 in the House’s 100 Innovative Ideas for Florida’s Future.

“Government should not grow faster than its citizens’ ability to afford it, but that is exactly what has happened throughout Florida these past few years,” added Representative Ray Sansom (R-Destin).  “We want to make sure that taxpayers are getting value from government. Our plan recognizes that it doesn't matter how much money government spends, but how wisely it spends the money it collects that really counts. Our plan will ensure all governments in Florida spend smarter and are more accountable to the taxpayers.”

“Property tax relief is about more than just the money,” said House Majority Leader Marty Bowen (R-Haines City).  “It’s about bringing financial security to Florida’s families.  It’s about giving peace of mind to homeowners and business owners that property taxes will not force them to abandon their plans and dreams for their families’ future.”

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