Unconstitutional? DeSantis plan excludes newcomers from property tax cuts
Gov. Ron DeSantis’ property tax proposal has constitutional holes because it seeks to deny cuts to newcomers, according to a newspaper’s analysis of a U.S. Supreme Court ruling. The measure would require new Florida residents to wait five years before qualifying for a proposed homestead tax exemption that would increase from $50,000 to $250,000 in 2028, the Miami Herald reported. Only current Florida residents and those who move to the state by the end of this year would benefit from the exemption immediately. DeSantis said he added the residency clause to appeal to voters frustrated by the state’s population growth […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Castles, thermal baths and 'ruin bars': How I spent 48 hours in Hungary's historic capital, Budapest

$9.5 Million Jazz Age ‘Scottish Castle’ Built by Massachusetts Royalty Hits the Market

Iconic Luxury Brand Cipriani Unveils Two Miami Penthouses at $53 Million

1975 Illinois Time Capsule House Featuring Bold Shag Carpet and Sunken Living Room Sells in Days

This $27 Million Upper West Side Triplex Penthouse Comes With Dual Terraces and NYC’s First Residential Pickleball Court

South Florida Dirt: Like pulling teeth: How Fannie, Freddie’s new condo financing rules is affecting deals

The ‘Ghost Condos’ of L.A.: Why Is a Chinese State-Backed Company Holding Hundreds of Empty Units?

Former 1847 Ohio Jail Goes Under Offer for $400K: How One Family Turned Inmate Cells Into Pantries and Closets

Midcentury Modern Hobart Wagener Home Near Boulder Relists After $1 Million Price Cut

From the Painted Ladies to the ‘Practical Magic’ House, Queen Anne Victorians Are Pop Culture’s Darling
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131
