“The What If of No Property Taxes” This is Something to Think About 07.11.25

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“The What If of No Property Taxes”

Bill Bunkley’s “This Is Something to Think About”

Air Date Friday, 11, 2025

Governor DeSantis is giving serious consideration to proposing the elimination of homesteaded property taxes. The Florida Legislature is also examining and studying the issue.

But what would that look like?

One proposal would be to raise the homestead exemption to $500,000 and $1 million for seniors. Also attached to the conversation is a proposal to cap property tax assessments at 15%.

Florida’s property taxes generate approximately $55 billion annually, accounting for 18% of the state's total revenue, 17% of municipal revenues, and 60% of public education funds.

The property tax funding source would need to be replaced with, potentially, an increased state sales tax, possibly up to 12%.

If enacted, a tsunami of new residents could be expected to flood the state, possibly facing a “new arrival” tax.

We'll hear more about the issue this fall.       

Bill Bunkley is a 19-year veteran Salem Media talk show host based in Tampa. The Bill Bunkley Show airs weekdays from 3 to 6 pm across central Florida. Bill is also President of the Florida Ethics & Religious Liberty Commission and the legislative consultant to the Florida Baptist State Convention (Southern Baptist Convention Churches), among other churches and entities. He has served as the legislative consultant to the Florida Baptist State Convention for the last 29 years at the state capitol in Tallahassee. By the Grace of his Lord Jesus, he is today a cancer survivor diagnosed in 2018 with AML Leukemia, having successfully undergone a bone marrow transplant that same year. His wife is Toni, son is Zac, and they attend Idlewild Baptist Church. 

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