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While Floridas propertytaxesare right in the middle at 0.91%, Gov.
Ron DeSantis has expressed his support for getting rid of them.
I agree that taxing land/property is the more oppressive and ineffective form of taxation, he shared onX.
Should You Move To Florida If It Eliminates Property Taxes?
In Alabama, the average annual property tax amounts to $804, while in Vermont its $9,120.
The state would have to increase sales taxes or add an income tax.
Property tax and spending cuts could reduce public services, Pace said.
These factors could offset the cost savings for some families and businesses.
Could Property Taxes Really Be Eliminated?
While eliminating property taxes can seem appealing, this might be difficult to enact in actuality.
In his X post, DeSantis noted that property taxes are local, not state.
The biggest downside to eliminating property taxes is the potential impact on local government funding, Pace said.
Without them, the state would need to find alternative revenue streams.
There are two primary ways property owners and homeowners can reduce their tax burdens.
The second way is to appeal your property taxes.
Thus, you might appeal your property taxes with the Value Adjustment Board (VAB).
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