\
South Florida by the numbers" explores the implications of Gov. Ron DeSantis' proposal to eliminate property taxes in Florida, a move that would make it the first state to do so. Under his plan, voters would decide on the matter in 2026, just before his second term ends in January 2027. The estimated $55 billion shortfall for school districts and local governments raises questions about how public schools and municipalities will adapt.

    The majority of property taxes ($33.7 billion) fund government and social programs, while $21.5 billion goes to schools. Florida's property tax revenue has doubled over the past decade, with some homeowners facing significant increases in recent years. In Broward County, median property taxes have jumped 57% since 2019, outpacing home price growth.

    Doubling the state sales tax to 12 percent could generate an estimated $40 billion in revenue, but DeSantis has ruled out this option. Florida ranks 20th among states with the highest median property tax amount, at $3,100. Property taxes have increased by 40% over the last four years, prompting lawmakers to propose alternative relief measures.

    DeSantis' proposal includes a tiered system that would shift some of the tax burden to tourists and foreigners, which could disproportionately benefit high-tourism areas like Broward and Miami.