Florida bill seeks to triple homestead exemption, reduce property tax burden

As this year’s legislative session gets underway, lawmakers are taking a close look at ways to lower property taxes.

One proposal (Senate Bill 1018) involves raising the homestead exemption from $25,000 of assessed value to $75,000.

“People are getting squeezed out of their homes just by property taxes,” state Sen. Blaise Ingoglia, R-Spring Hill, said…

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