Florida Property Tax Primer: An Educational Resource for Business Leaders

Florida’s property tax system generated $55.18 billion in 2024, funding schools, law enforcement, and local infrastructure. With lawmakers considering additional tax relief proposals for 2026 — including property tax reform or repeal — it’s important to understand how the system works and what changes could mean for businesses and communities.
 
To help answer these questions, the Florida Chamber developed the Florida Property Tax Primer: An Overview of Florida’s Property Tax System and Other Tax Revenue. This nonpartisan resource provides plain-language insights for Chamber members, lawmakers, and stakeholders.
 
Inside, you’ll find:

• How local property taxes are structured in Florida.
• Key differences between homestead and non-homestead properties.
• A breakdown of current collections and who pays the largest share.
• Constitutional and legislative considerations for reform.
• Scenarios outlining potential fiscal trade-offs of repeal or relief.

See the full report below.

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Source: Florida Chamber of Commerce