September 22, 2025

Homestead Property Tax Revenue is Crucial to Florida Counties, School Districts, and Municipalities (Map)

Floridians are feeling the squeeze of higher costs on everything from housing to groceries. Against this backdrop, some Florida policymakers are promoting the idea of eliminating property taxes, either entirely or for homesteaded properties – i.e., a permanent residence. While Floridians do need meaningful relief, the reality is that if approved, proposals to eliminate or severely cut property taxes would only make it harder to fund vital services families, seniors, and businesses rely on and need.  

Eliminating property taxes is ultimately a costly decision. Services do not come free; they must be paid for one way or another. Without property taxes, local governments would have to raise over $50 billion to make up for the revenue loss. Even more limited proposals, like ending property taxes only for homesteaded properties, would cost approximately $18.5 billion across counties, cities, and school districts. Without a stable and reliable source of revenue, localities will have to either cut services or find new ways to pay for them, such as through higher user fees or by turning services over to private entities.

Floridians deserve real solutions to the state’s affordability challenges . Real relief ought to reduce costs without undermining vital programs, eroding local fiscal autonomy, and forcing individuals to pay more for services that were once affordable and publicly available.

The tool below allows users to explore the costs of different property tax reforms, from an elimination of property taxes on homesteaded properties, to an increase in the state’s homestead exemption.  

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