A new online calculator designed to help Florida homeowners determine their potential property tax savings was announced by Governor Ron DeSantis on Saturday. The tool, available on the Save Our Homes website, allows users to input their home addresses to get estimates on tax savings based on the proposed legislative changes.
In a post on X, DeSantis emphasized the importance of homeownership, stating, “Truly owning private property should not mean perpetually paying rent to the government.” This sentiment reflects a broader initiative aimed at reforming property tax policies in the state.
Once users enter their address into the calculator, they are presented with various financial details. These include the estimated taxes that will be levied in 2025, the potential tax savings with a homestead exemption of up to $250,000, and a breakdown of annual savings.
This online tool comes on the heels of DeSantis’ announcement on Wednesday, where he outlined a proposal intended to reduce, and ultimately eliminate, property taxes for many Floridians. According to the proposal, homesteaded properties—defined as a person’s primary residence—would be exempt from taxes on the first $250,000 of a home’s taxable value. For instance, a property valued at $400,000 would incur taxes only on a taxable value of $150,000.
The website also features a section addressing common myths and facts regarding the proposal, which could potentially be brought to voters on the November ballot. However, the proposal must first receive approval from at least three-fifths of both the Florida House and Senate.
While supporters of the initiative laud its intention to ease the financial burden on homeowners, critics argue that the plan falls short of DeSantis’ initial promise to eliminate homestead property taxes altogether. The governor countered these criticisms by asserting that the revised proposal stands a better chance of legislative success.
