ORLANDO, Fla. – Florida voters will decide in November whether to overhaul the state’s property tax system, and Central Florida cities are not waiting to find out the outcome.
Orlando’s City Council is holding a workshop to examine what property tax reform could mean for the city’s budget. The session will also include a budget proposal update.
The proposed constitutional amendment, which needs 60% voter approval to pass, would exempt the first $150,000 of a homestead property’s value from taxation. That threshold would rise to $250,000 in 2028…