KISSIMMEE, Fla. – Budget discussions are underway across Central Florida as local governments prepare for a possible major shift in property tax revenue, one that voters will ultimately decide in November.
Cities across the region are working to map out what their finances would look like if a proposed constitutional amendment passes, dramatically reducing the amount homeowners pay in property taxes.
Under the proposal, the first $150,000 of a homestead property’s value would be exempt from taxation. That figure would increase to $250,000 by 2028…