Lawmakers tweak DeSantis' property tax cut ahead of floor votes

Lawmakers modified Gov. Ron DeSantis' property tax cut proposal to exclude school districts, reducing potential annual revenue loss for local governments from $8.4 billion. The amended bill, HJR 3F/SJR 4F, would increase the property tax exemption to $150,000 in 2027 and $250,000 in 2028, requiring voter approval with 60% support to take effect.