Q&A of the Day – Implications of the Florida Legislature’s Property Tax Proposal

Notably, the law would only apply to homesteaded properties, which is where a minority of property tax revenue comes from. According to the latest study by the Florida Policy Institute, homesteaded property taxes only accounted for 36% of statewide property tax revenue collected. In other words, all existing taxing authorities would still exist for all other property types, with annual increases limited under current state law.