Valuetainment Ron DeSantis' $61B Problem: Will Florida be the First Property and Income Tax-Free State?
Nov 29, 2025
Florida is considering eliminating property taxes while maintaining no state income tax, creating a $61 billion funding challenge. The discussion dives into where tax dollars currently go and potential funding alternatives like sales tax hikes. Critics argue this plan might benefit the wealthy over others. The podcast highlights possible economic upsides including increased migration and development, alongside affordability concerns for younger buyers. Patrick suggests targeted protections for first-time homebuyers and seniors to navigate these changes.
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Florida's $61 Billion Revenue Shortfall
- Florida currently collects roughly $61 billion from property taxes in 2024 which funds schools, counties, municipalities and special districts.
- Eliminating that revenue would require replacing it via higher sales taxes, state transfers, spending cuts, or other novel fees.
Where Property Taxes Actually Go
- About 50–60% of Florida property tax revenue funds school districts, with counties and municipalities taking most of the rest.
- Losing that stream would disrupt core public services tied to local property tax funding formulas.
Replace Revenue Before Cutting Services
- If Florida eliminates property taxes, plan where to raise or reallocate the $61B before cutting local funding.
- Consider targeted exemptions or phased approaches rather than blanket elimination to avoid service gaps.