Close Menu
    Trending
    • The 4 Best Types of Rental Properties for NEW Investors to Buy
    • An Alarming 75% of Homes Are Too Expensive For Buyers
    • The U.S. housing market in 2025: A year of normalization
    • NAR supports major housing reforms in 2026 legislative agenda
    • DSCR loans became an investor favorite in 2025
    • NYC’s Biggest Developments of 2025
    • The Most Encouraging Sign in 3 Years
    • The Investor’s Guide to Winter Property Maintenance in the South and Midwest
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    Home»Real Estate News»Florida, Ohio advance sweeping property tax reform plans

    Florida, Ohio advance sweeping property tax reform plans

    Team_WorldEstateUSABy Team_WorldEstateUSANovember 24, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    In Florida, Home Republicans superior a slate of non-school property tax reductions by way of preliminary committees final week, together with measures that might wipe out such taxes outright or part them out over 10 years.

    A separate invoice would eradicate non-school property taxes just for residents 65 and older.

    “This can be a focused method to assist those that want it probably the most,” Miami Republican Rep. Juan Porras advised native outlet Spectrum News 13. “Our most susceptible communities, those that have constructed the cities and counties, the areas that all of us symbolize.”

    One other proposal would lock in legislation enforcement funding by mandating police budgets stay untouched.

    If permitted by the Legislature, the constitutional amendments would head to Florida voters in 2026, the place they would want 60% assist.

    Democrats warned of steep penalties for cities and counties that rely closely on property taxes.

    The Florida Coverage Institute estimates a $43 billion hole in funding wanted to keep up providers below the Home proposals.

    “We shouldn’t be placing our native governments in a state of affairs the place we’re taking away instruments, solely to have them shift that burden in another method,” stated Home Democratic Chief Fentrice Driskell. “That’s really going to have probably the most adversarial impacts on the individuals who want our assist probably the most.”

    The Florida Senate has filed no companion payments, and Gov. Ron DeSantis has criticized putting a number of tax amendments on the 2026 poll, calling it a flawed method, Spectrum Information 13 added.

    Florida’s property tax burden has shifted strongly towards residential property homeowners over the past three a long time.

    State knowledge reveals that residential parcels now account for greater than 70% of property taxes levied statewide — up from a a lot smaller share in earlier a long time.

    5 payments head to Ohio Governor’s desk

    Ohio Gov. Mike DeWine is reviewing 5 sweeping property tax payments the GOP-led Legislature permitted in fast succession, which follows an extended timeline of public feedback on the matter.

    Proposals comply with DeWine’s earlier vetoes of tax modifications within the state finances — vetoes lawmakers initially vowed to override earlier than backing down after one override involving substitute and emergency levies.

    The measures would let county officers cut back beforehand voter-approved levies, prohibit tax invoice progress to the speed of inflation, develop alternatives for reductions and shift the burden of proof in valuation disputes.

    “Our taxpayers, whom we symbolize, need property tax aid,” Republican Sen. Sandra O’Brien advised Ohio Capital Journal. “The payments that we’re about to vote on provide them that aid.”

    She additionally warned of a separate poll effort to eradicate property taxes solely — arguing that situation, if profitable, would “place Ohio on the fringe of the abyss.”

    DeWine stated Friday he’ll consider the payments primarily based on suggestions from a property tax working group he convened.

    That group reportedly weighs funding wants for faculties and native providers in opposition to householders’ rising prices and affords steerage on a number of measures — together with millage caps and defining when voted levies could also be diminished.

    “So, I’ll decide these payments primarily based upon what the committee got here up with,” DeWine stated. “In a couple of days, we’ll have some feedback about that.”

    Over the previous 30 years, state coverage modifications have shifted extra of the tax burden onto Ohio’s residential property homeowners and away from companies.

    Ohio’s residential {dollars} rose from representing a mid-50% vary of the overall property tax pool in 1999 to the high-60% to low-70% vary by the 2010s and into the 2020s, based on state knowledge.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWe Bought Our First Rentals with Almost No Money (Here’s How We Did It)
    Next Article Mild Correction, Any Signs of a Crash?
    Team_WorldEstateUSA
    • Website

    Related Posts

    The U.S. housing market in 2025: A year of normalization

    December 26, 2025

    NAR supports major housing reforms in 2026 legislative agenda

    December 26, 2025

    DSCR loans became an investor favorite in 2025

    December 26, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Mortgage servicers lag in digital experience

    December 4, 20250 Views

    Bill Pulte Teases Fannie, Freddie Tech Investments 

    November 11, 20250 Views

    Investor Confidence is Up—What’s Making Everyone Feel Good About the Market?

    November 15, 20250 Views

    DFA’s Co-Owner Signs Contract For Billionaires’ Row Condo

    November 25, 20250 Views

    Greystar Cuts $7M Deal to Exit RealPage Rent Collusion Case

    November 20, 20251 Views
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    Real Estate Scion is Holdout Against Artists in Soho Drama

    November 28, 202541 Views

    Larry Ellison Buys Two Pierre Units From Shari Redstone

    November 27, 202517 Views

    Hungerford, Haruvi Face Foreclosure on Loans Worth $173.4M

    November 26, 202514 Views
    Our Picks

    FHFA sets 2026-2028 housing goals for GSEs

    December 24, 2025

    The will to solve problems

    December 16, 2025

    How to Measure and Understand Your Market, Regardless of Location

    December 20, 2025
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.