How eliminating property taxes in Florida could affect the state’s real estate market

Some local governments are considering eliminating property taxes to ease the burden on homeowners. Florida Governor Ron DeSantis has indicated support for this idea, which would require a constitutional amendment. Economists suggest that abolishing property taxes could temporarily boost Florida's housing market by increasing buyers' budgets, but it may also lead to higher prices and reduced local control over tax revenue. Other states are exploring similar measures, with some lawmakers arguing that homeowners shouldn't have to "pay rent" to the government.