Will Florida Property Taxes Be Eliminated?
 

Quoting from Governor Ron DeSantis on his March 4, 2025 Florida State of the State address

"While Florida property values have surged in recent years, this has come at a cost to taxpayers squeezed by increasing local government property taxes. Escalating assessments have created a gusher of revenue for local governments—and many in Florida have seen their budgets increase far beyond the growth in population.Taxpayers need relief. You buy a home, pay off a mortgage—and yet you still have to write a check to the government every year just to live on your own property? Is the property yours or are you just renting from the government?

Members of the Legislature are studying the issue in anticipation of formulating a proposal to place on the 2026 ballot to provide constitutional protections for Florida property owners."

The Legislature doesn’t have control over property taxes, which are the domain of local governments. The proposal would have to be put directly to voters through a constitutional amendment, which wouldn’t happen until 2026, at the earliest. This property tax reform may be coming to the November 2026 ballot! Lowering property taxes or no Property taxes will be voted on so please vote!

There’s no income tax in Florida, as most of the state revenue comes from sales and documentary stamp taxes. Every time a home sells the owner pays the state of Florida this doc tax which is part of your closing costs.

 New Construction Homes in Cooper City Coming Soon 2025!

Hanson Park was origionally with CC Homes. This same community in Cooper City has received a name change, Hanson Preserve and a new developer change. If you are interested please let me know so you can go out with me and be first in line. Here is the link for the latest informaton.

https://www.susanjpennrealtor.com/hanson-homes-cooper-city-fl-new-construction-homes-sale/



Mortgage Rates

It is almost springtime!  The March 2025  home buying season is underway! According to Freddie Mac the 30 year fixed rate mortgage is at 6.63% and the 15 year mortgage is at 5.79%. The uncertainty of Tariffs is part of the cause.

The Federal Reserve's next interest rate decision is scheduled for March 19th, 2025, at 2:00 PM Eastern Time (ET)