While the idea may appeal to some, experts warn that the loss of property tax revenue could have significant consequences.

A new legislative proposal in Florida aims to explore the potential elimination of property taxes, a move that could significantly impact the state's financial landscape.

“Property taxes are local, not state. So we’d need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them… We should put the boldest amendment on the ballot that has a chance of getting that 60%…,“ DeSantis wrote in a Post on X on Friday.

A bill filed on Tuesday would require the Office of Economic and Demographic Research to conduct a study on eliminating property taxes in the state of Florida. This bill seeks to eliminate property taxes by finding effective ways to replace the revenue through budget reductions,

Property taxes are big topic in Florida right now as lawmakers work out how best to help residents who are struggling under the rising costs of homeowners insurance and other skyrocketing bills. Gov. Ron DeSantis has voiced support for reducing or ditching property taxes altogether.

For Florida homeowners, lowering or outright removing property taxes could greatly cut down on their expenses. As a state, Florida ranks around the middle of the pack when it comes to real-estate property tax rates, WalletHub reports.

A new bill proposed this week in the Florida Senate aims to consider a study to eliminate property taxes across the state.

Florida's Governor DeSantis expresses support for abolishing property taxes, requiring a constitutional amendment.

Florida Gov. Ron DeSantis wants to eliminate property taxes. It would require a constitutional amendment passed by 60% of voters.

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A Senate Republican on Tuesday filed a proposal that would lead to studying the possibility of eliminating property taxes in Florida.