Florida lawmakers are working on a bill that eliminates property taxes in the state.
House Bill 201 would end property taxes for homeowners who use the dwelling as their primary residence, which is referred to as a “homestead property” in the legislation.
The proposal would make homestead property owners exempt from taxes “up to the assessed valuation of $25,000.”
The bill, which would need the green light from voters, quickly advanced through the Florida Senate since it was introduced on Oct. 16.
The Florida Senate State Affairs Committee advanced it to the Ways and Means Committee on Dec. 2.
If the proposal makes it out of the Capitol and on to the November 2026 ballot, it will need 60 percent voter approval. …