Florida Property Tax Proposal Could Boost Home Prices by 9%
Florida Governor Ron DeSantis is backing a controversial plan to eliminate property taxes for primary residences, a MOVE that could send home values soaring by up to 9%. Realtor.com analysis shows the median Florida homeowner currently pays $5,400 annually in property taxes—costs already baked into existing home valuations.
The proposal comes as Florida's housing market shows signs of cooling after pandemic-era surges. Home values have dipped 3% over three years despite a 42% overall gain since 2019. Critics warn the tax shift could disproportionately redistribute the state's fiscal burden.
For homeowners, the immediate financial relief would be substantial. But economists caution that tax cuts often translate into higher asset valuations—a phenomenon cryptocurrency investors know well from tax-advantaged jurisdictions attracting digital asset flows.
