Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

DeSantis Wants To End Property Taxes For 60% Of Florida Homeowners

Published May 28, 2026
Share:
Summary:
  • DeSantis is proposing raising Florida's homestead exemption from $50,000 to $250,000.
  • The plan would immediately eliminate property taxes for about 60% of Florida homeowners.
  • Florida's property taxes brought in close to $60 billion for local governments and schools in 2025.

Florida's governor wants to scrap property taxes for most of the state's homeowners, but the catch is figuring out who pays for the schools, hospitals, and police those taxes have been funding.

Ron DeSantis announced the plan in Tampa Wednesday, and he is calling lawmakers back to Tallahassee on Monday for a three-day special session to vote on it.

What The Plan Actually Does

The proposal raises Florida's homestead exemption, the dollar amount homeowners can shave off their home's value before property tax kicks in, from $50,000 to $250,000.

For 60% of Florida homeowners, that math zeros out their property tax bill, and DeSantis wants the cap to eventually move to $500,000.

At that level, according to a Florida Office of Economic and Demographic Research report, 76% of homestead parcels would qualify for the full exemption.

Small businesses would get a sweetener too, with the annual assessment growth cap on their property dropping from 10% to 5%, which means commercial property tax bills can only rise half as fast as before.

If you want a daily breakdown of policy moves like this and what they mean for your money, Market Briefs delivers it every weekday morning, with a free investing masterclass when you sign up.

The $60 Billion Question

Property taxes brought in close to $60 billion for Florida local governments and schools last year, according to the Florida Chamber of Commerce, up from about $35.7 billion in 2019.

Local governments pay close to half of all school funding, and counties chip in hundreds of millions a year toward Medicaid.

Hospital districts like Broward Health and Halifax Health run on property tax revenue too.

DeSantis says a new state trust fund would replace the lost local revenue with grants for "core services," which he loosely defined as public safety, education, infrastructure, and natural resources.

The details have not been written yet.

Florida is also one of a small group of states with no state income tax, which means property taxes carry a much heavier share of local funding than in most states, and cutting them without a clear replacement plan worries credit rating agencies and municipal bond investors.

House Democratic Leader Fentrice Driskell pushed back, with her view being that the governor said he wants to protect school funding but did not show how.

"I think there's a reason why the governor didn't want to show his work," she told reporters.

What To Watch

The proposal has to clear three hurdles, starting with three-fifths approval from both the Florida House and Senate, then 60% of Florida voters in November as a constitutional amendment.

A University of North Florida poll in March showed 56% support and 35% opposition, close but not over the line yet.

Senate President Ben Albritton is on board, while the Florida Chamber of Commerce is waiting to see the bill text before taking a position.

New residents would have to live in Florida for five years after January 1, 2027 to qualify, which kills any plan to game the rule by moving in late.

The bill text and the math behind that trust fund land sometime next week.

For more reads like this every morning, sign up for Market Briefs. Your sign-up comes with a free 45-minute investing course on finding opportunities.

Disclosure

Recent News

1 2 3 … 102

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 5, 2026
What Is the Briefs Connector? A Simple Guide
  • The Briefs Connector lets your favorite AI read Briefs research, like Pro reports and the Briefs Score.
  • Without it, an AI asked about investing can give answers that sound right but aren't backed by that research.
  • It explains the research, but it won't tell you what to buy or sell.
Read More
October 5, 2026
Is a Recession Coming? What the Last Five Rate Hiking Cycles Say
  • The Fed has started raising rates again, and in the last five hiking cycles going back to 1994, a recession never started while the hikes were underway.
  • The pain showed up where there was a bubble to pop - housing in 2008, dot-coms in 2000, the pandemic money-printing boom in 2022 - and usually after the hikes ended.
  • Private equity and private credit are feeling this cycle first, and how far the pain spreads depends on how high rates go and how long they stay there.
Read More
October 2, 2026
Fed Interest Rates May Rise Again in 2026 - and the Newest Culprit Is AI
  • Fed Governor Barr told a meeting our head of investing research attended that higher rates are likely in 2026, lower inflation may not come soon, and AI is now pushing prices up.
  • The same week, President Trump asked the biggest AI companies to police themselves under an accord that's morally but not legally binding, because the White House sees AI as a race with China.
  • Higher rates put downward pressure on asset prices and squeeze borrowers, but the way through hasn't changed: own investments, buy on a schedule, and treat downturns as discounts.
Read More
October 1, 2026
Housing Market 2026: Why Office Buildings Are Cracking Before Houses Do
  • Office buildings are selling for 80% to 95% off because their five-year loans are resetting at much higher rates while half-empty floors have gutted the income those buildings are valued on.
  • Housing is under pressure, not cracking: a $400,000 mortgage costs $975 more a month than at 3%, but six of every seven mortgages are still under 6% and those owners are staying put.
  • Whether pressure turns into cracks is a race between unaffordability and the economy, and either way Jaspreet's rule is to treat your house as a liability and buy only what you can afford.
Read More
September 30, 2026
Dividend Investing vs. Growth Investing: Why the Slower Portfolio Can End Up Bigger
  • "What stock should I buy?" is the wrong first question. Growth, income, or wealth preservation comes first, and the goal changes which stocks even make sense.
  • At $500 a month for 30 years, 13% growth builds about $1.75 million. 10% growth plus a reinvested 4% dividend builds a little more than $2.2 million and pays a little more than $80,000 a year.
  • Income investors have US dividend ETFs, REITs, and international dividend funds to study. Growth investors have the Nasdaq 100, AI and chip funds, and small caps. None of it is a recommendation.
Read More
September 29, 2026
Why Is Gold Going Down? A 5.2% Treasury Yield Just Took Its Job
  • President Trump rejected Iran's deal to reopen the Strait of Hormuz, oil prices jumped back up, and gold fell instead of rising.
  • Treasury yields hit their highest level in more than 20 years, so investors sold gold and bought Treasuries that pay interest.
  • Higher Treasury yields make the national debt, mortgages, car loans, and credit cards more expensive, with the Fed's next rate decision due October 28.
Read More
September 28, 2026
The Strategic Bitcoin Reserve: Why the Government Wants Bitcoin to Explode
  • The US government holds about 328,000 Bitcoin, worth roughly $25 billion, and since a 2025 executive order it keeps seized coins instead of selling them.
  • Washington wants a bigger pile of assets so its $40 trillion national debt looks smaller next to them, which lets it keep borrowing and spending.
  • Bitcoin's wild price swings, and a government holding a coin built to escape governments, are the two risks investors need to watch.
Read More
September 25, 2026
BRIEFS EXCLUSIVE: 43% Of Respondents Say Bills Outran Their Income Over Past Two Years
  • 43% of the 494 Market Briefs readers surveyed said their bills grew faster than their income over the past two years, even though 79% could cover a surprise $5,000 expense tomorrow.
  • Half of readers own gold or crypto, the two classic bets against a weaker dollar, and only 13% bought nothing at all in the last 12 months.
  • The median reader says it takes $150,000 a year to feel financially secure, about $62,000 above the U.S. median household income.
Read More
September 25, 2026
The Economy Is Booming. So Why Did Stocks and Bonds Fall Together?
  • S&P Global says the US economy is growing at its fastest rate since 2021, with corporate profits up 28.9% in a year, almost four times the historical average.
  • Stocks and bonds fell at the same time, which is not how the two markets normally behave, because Treasury yields above 5% now compete with stocks for investors' money.
  • Jaspreet Singh lays out three ways to invest through a shift like this: always be buying, buy the crash, or follow the money before it hits the headlines.
Read More
September 24, 2026
The 2026 Economic Reset Is Starting: Are We in a Recession, or Is the Pain Still Ahead?
  • The Federal Reserve has flipped from stimulating the economy to fighting inflation with higher interest rates, while the White House still wants growth at almost any cost.
  • The national debt tops $40 trillion, has outgrown the entire U.S. economy, and its interest payments are now the government's fastest-growing expense.
  • Higher rates bring pain for private equity, private credit, and speculative assets, but they open opportunities for investors holding cash, treasuries, and value assets.
Read More
1 2 3 … 28
Share via
Copy link