Video above: Gov. DeSantis proposes to reduce property taxes
TALLHASSEE, Fla. (WFLA) -- Lawmakers in the Florida House of Representatives announced a new Select Committee on Property Taxes on Tuesday.
The committee will explore potential reforms, including eliminating property taxes, according to a news release.
The committee will consider policies requiring every city, county and special district in the state to hold a referendum where voters can weigh in on eliminating property taxes for homestead properties. Other potential reforms include creating a new $500,000 homestead exemption and a $1 million exemption for homes owned by Floridians age 65 and older or who have owned a home for 30 years.
"Floridians should have the chance to decide on real, lasting property tax reforms," committee co-chair Rep. Vicki Lopez said in a statement. "Our committee will bring forward ideas that protect homeowners and reflect the realities and needs facing homeowners today.”
Members will also explore authorizing the legislature to make changes to homestead exemption law. They will consider eliminating the ability to foreclose on a homestead property with a property tax lien.
"This is about giving Floridians more freedom and security in their homes. We’re committed to listening, thinking boldly, and delivering real solutions that make a difference," committee co-chair Rep. Tony Overdorf said in a statement.
The new select committee is expected to convene for the first time on May 1.
