Quote:
Originally Posted by Garcia
NH has decided to collect money through property tax and maintain no income or general sakes tax - and thus is in the top 5 of the states with the highest property tax. Florida's property tax is in the middle of the states, about average. BUT FL has a statewide sales tax of 6% and allows local surtaxes creating an effective rate of 6.5%-7%.
DeSantis does not have a real proposal yet to eliminate property tax, it's more of an idea. To make up the lost revenue, guess what has to go up? Sales tax.
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If you read the notes to the bill... NO.
Taxes would go down on residents of the State, and up on all other properties to make up the difference.
The budgets would remain the budgets... just the tax rate on the remaining taxable properties would surge.