The House Select Committee on Property Taxes met in Tallahassee to review presentations from several groups on the topic of how property taxes work and how homestead exemptions are applied.
The Florida Department of Revenue (FDOR) Executive Director, Dr. Jim Zingale, showed the committee how local property taxes impact education funding. Zingale provided a brief history of the Florida Education Finance Program (FEFP) and noted that nearly 50% of the FEFP funding comes from property taxes.
Dr. Zingale shared the concerns facing many counties, which is the disparities in property taxes between fiscally constrained smaller counties and larger counties…