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Florida Explores Ditching Property Tax as Home Prices Soar

Florida Explores Ditching Property Tax as Home Prices Soar

Florida’s leaders are considering a far-reaching remedy to cut the soaring costs of owning a home: ditching property taxes.

Killing property taxes would leave the state more reliant on its sales tax and strip local governments of revenue to fund everything from schools to social services. A full repeal is unlikely soon, but the idea is gaining political traction, reflecting the strain homeowners are under. 


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Source : WSJ

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