Study Warns: Property Tax Cuts Would Hit Rural Florida Hardest

Large property-tax cuts or full elimination would create uneven impacts across Florida, with rural and inland communities projected to be hit hardest because they have fewer alternative revenue sources to replace what’s lost. Full elimination is estimated to reduce revenue by about 38% of ad valorem collections and about 14% of general fund revenue, meaning millage rates would need to nearly double to keep service levels the same; very large exemptions (around $250k–$500k) are projected to drive roughly 25–32% revenue losses. The analysis also notes the distribution can be uneven: fixed-dollar exemptions tend to deliver larger dollar savings to higher-value properties, while renters and new homeowners get no direct benefit, even though local services (public safety, infrastructure, parks, etc.) still require funding. For more information click here.