Gov. Desantis wants to Eliminate property taxes in Florida

[Jonathan Wiesniak]

Ron Desantis wants to eliminate property taxes in Florida most likely via a constitutional amendment for voters which would require 60% to pass.  If he were to submit this, I'm fairly certain it would pass regardless of the consequences of doing so like for example much much higher sales tax in the 13-15% region.   Big ticket items like cars, boats, and disney vacations would increase greatly.  

As a broward county investor, I'm not exactly expecting a boom in prices over the next 3-5 years.  But the idea of saving $10k a year in property taxes sure is appealing.  Although I have a hard time believing his proposal would include investors.  Fingers crossed.

Seeing as though Florida's economy is largely vacation driven, I feel as though large sales tax increases might actually find them seeing decreased revenue from the orlando areas seeing as though Disney prices are already in bubble territor



Thoughts on any of this ?

[Jonathan Wiesniak]

Quote from @Chris Seveney:

Money has to come from somewhere so where will it come from.

issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything. In long run could have some negative consequences

also Is it just residential or commercial as well?  

No details given.  He's posturing for another run in the US gov't, so Desantis needs to stand out. There's a good chance we see more details on his proposal in the coming months.