Ron DeSantis is proposing a constitutional amendment to abolish property taxation in Florida. There’s no state income tax in Florida but the state has one of the highest property taxes, 2% of the assessed value of a house each year. This would save the owner of a $500,000 house $10,000/year and increase the capital value of the house as well. No word yet on what kinds of taxes Florida politicians would propose to “make up” for the loss of revenue because, as everyone knows, no government in the world should ever, ever, reduce the total amount of theft it engages in from all sources.
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