What happens if Florida says goodbye to property taxes?

Eliminating property taxes in Florida could result in a revenue loss of about $43 billion, according to a recent report. Governor Ron DeSantis has expressed support for reducing or eliminating these taxes, but concerns arise about how to replace that lost income. State Senator Lori Berman warned that alternatives, like increasing sales tax, could be regressive. The Florida Policy Institute noted that property taxes fund essential local services, and without them, sales tax might need to rise from 6% to 12%, making it the highest in the nation.