Florida Wants To Eliminate Property Taxes: How Much Could You Save by Moving There?

Property taxes in the U.S. vary from 0.32% to 2.23%, with Florida's average at 0.91%. Governor Ron DeSantis supports eliminating these taxes, arguing they are oppressive. While this could attract homeowners, especially from high-tax states, concerns arise about how to replace lost revenue, potentially through increased sales or income taxes. Eliminating property taxes could impact local funding for essential services. Homeowners can reduce their tax burdens by applying for exemptions or appealing assessments.

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