Proposed Homestead Exemption Benefits Relatively Few Floridians and Will Likely Increase Taxes on Everyone Else
Floridians will be voting on as many as 13 state constitutional amendments on November 6, 2018. The first on the list, Amendment 1 (A1), would create a new $25,000 homestead exemption from property taxes.
The U.S. Supreme Court has issued a ruling that paves the way for a successful resolution to an issue Florida TaxWatch has fought for more than 15 years.
The 2018 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida's taxes compare to other states and the national average across a wide variety of metrics.
Saturday, April 14, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2018. On that day, Floridians are finally earning money for themselves–not for the tax collector. This symbolic date assumes that every dollar earned since January 1 goes to pay federal, state, and local tax obligations.
The House unveiled its 2018 tax cut package (HB 7087) almost a month ago, while the Senate’s did not appear until week 8 of
the session when it was amended onto SB 620 in the Appropriations Committee. The bills have a lot of similarities, but there are big differences that will have to be negotiated before a final tax cut package is approved.
On February 14, 2018, the House Ways & Means Committee unveiled and passed its proposed tax cut package. The bill contains numerous tax relief provisions, covering sales taxes, property taxes, corporate income taxes, documentary stamp taxes and traffic fines. Several temporary exemptions to provide tax relief for agriculture and homeowners impacted by hurricanes are included.
The 2018 Legislature has an opportunity to strengthen and increase the independence of an important taxpayer safeguard—the Florida Taxpayers’ Rights Advocate. Senate Bill 826 and House Bill 1345 would make the needed changes to the law.
As the Florida Legislature prepares to go into conference budget negotiations to finalize the FY2018-19 budget, state estimators gave lawmakers a bit of good news. Florida’s General Revenue (GR) Estimating Conference met on February 9 and forecast that the state would collect an additional $461.8 million in FY2017-18 and FY2018-19.
This publication compares the revenue and expenditure profiles of Florida’s 67 counties to give taxpayers an overview of how their local government stacks up with the rest of the state. The report presents the most recently available data regarding: property taxes, other taxes and fees, county and municipal revenues, county and municipal expenditures, and other related measures.
Florida TaxWatch has compiled a comprehensive list of state and local tax and fees changes—increases and decreases--enacted by the Florida Legislature since 2010. It includes every new or eliminated tax or fee, changes to tax rates or fee levels, exemptions, credits, expanded bases and more.