Florida Property Taxes Explained

Are Florida property taxes on the chopping block and what would really happen if they were eliminated? In this in-depth episode of Tampa Home Talk, host Katrina Madewell sits down with Mike Fasano, Pasco County Tax Collector, and Tim Coet to unpack Governor Ron DeSantis's proposal to eliminate property taxes in Florida and why the conversation is far more complex than a headline or soundbite. Using real tax bills, real numbers, and real-world experience, we break down: Why homesteaded properties only account for ~30% of statewide tax revenue How Save Our Homes, portability, and reassessments actually work Why taxes can triple overnight when a home changes hands The unintended consequences of eliminating property taxes without a replacement plan How first-time homebuyers and seniors on fixed incomes would be impacted What most Floridians don't know about hidden homestead exemptions Why local services law enforcement, fire rescue, DMVs, and tax collector offices—depend on property tax revenue Practical, realistic alternatives to full elimination that protect homeowners and communities This episode also highlights critical protections for widows, veterans, seniors, and permanent residents and explains how recent changes now prevent exemption status from being used by scammers or squatters. If you're a Florida homeowner, buyer, renter, investor, or simply someone who wants to understand how policy decisions affect real people and real communities, this is a conversation you need to hear. 📞 Have questions about your property taxes, homestead exemptions, or buying in Florida? Call or text we're happy to help.