Tax Elimination

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...