Taxes
Eliminating Florida property taxes could spike home prices 9% and deepen affordability crisis, experts warn
Read full article: Eliminating Florida property taxes could spike home prices 9% and deepen affordability crisis, experts warnA fast-moving proposal backed by Gov. Ron DeSantis to eliminate property taxes on owner-occupied homes is drawing mixed reactions from Floridians and fresh warnings from housing experts who say the plan could worsen the state’s affordability crisis.
Florida House committee advances property tax cut proposals previously scrutinized by DeSantis
Read full article: Florida House committee advances property tax cut proposals previously scrutinized by DeSantisA series of proposals aimed at eliminating or reducing non-school homestead property taxes advanced out of a House committee on Thursday, as local-government officials warned about having to decrease services because of potentially billions of dollars in lost revenue.
UNF Poll: Housing costs ranked most important problem facing Florida; voters divided over eliminating property taxes
Read full article: UNF Poll: Housing costs ranked most important problem facing Florida; voters divided over eliminating property taxesA new University of North Florida Public Opinion Research Lab (PORL) poll found that housing costs and property taxes are the most important problems facing Florida.
DeSantis dismisses property tax proposals brought forth by Florida House, calls approach ‘political game’
Read full article: DeSantis dismisses property tax proposals brought forth by Florida House, calls approach ‘political game’Gov. Ron DeSantis late Wednesday dismissed a series of proposed constitutional amendments released last week by the Florida House to cut property taxes.
Florida lawmakers propose multiple property tax changes, emphasize leaving choices up to voters
Read full article: Florida lawmakers propose multiple property tax changes, emphasize leaving choices up to votersProperty taxes have been a major topic of discussion in Florida this year. In a recent memo, Florida House Speaker Daniel Perez addressed the hot topic and revealed that several House members filed a series of joint resolutions and a bill aimed at property tax relief. The proposals build on the work of the select committee tasked by Gov. DeSantis to find solutions to property tax reform.
One vote changed everything: Jacksonville City Council passes $2B budget after 13-hour deadlock
Read full article: One vote changed everything: Jacksonville City Council passes $2B budget after 13-hour deadlockJacksonville’s $2 billion budget passed after nearly 14 hours of debate and a last-minute vote change from Councilman Will Lahnen. The meeting included heated discussion over a controversial bath of amendments and a narrow vote to cut property taxes. Here’s how it all unfolded
2 Camden County commissioners say they’re against plan to raise property taxes by more than 18%
Read full article: 2 Camden County commissioners say they’re against plan to raise property taxes by more than 18%The Camden County Board of Commissioners announced last week that it has tentatively agreed to adopt new millage rates for 2025 that would increase property taxes.
CFO says Jacksonville has overtaxed its residents by $200M. Mayor Deegan says he didn’t show his work
Read full article: CFO says Jacksonville has overtaxed its residents by $200M. Mayor Deegan says he didn’t show his workFlorida’s Chief Financial Officer visited Jacksonville on Wednesday and made a big claim, saying the city has overtaxed its residents by more than $200 million over the past five years.
Glynn County’s hotel/motel tax rises to 7% in July
Read full article: Glynn County’s hotel/motel tax rises to 7% in JulyGlynn County’s Hotel/Motel Tax will rise from 5% to 7% beginning July 1, 2025, following the signing of House Bill 732 by Gov. Brian Kemp on May 1. The new rate applies to all qualifying room nights starting July 1, even if reservations were made or prepaid before that date.
Politics & Power: Promises made, promises kept & promises languishing in Trump’s 1st 100 days of 2nd term
Read full article: Politics & Power: Promises made, promises kept & promises languishing in Trump’s 1st 100 days of 2nd termNews4JAX political analyst and head of the Jacksonville University Public Policy Institute Rick Mullaney joins me for this week’s episode of “Politics & Power” to break down all the issues in the president’s first 100 days.
Florida lawmakers remain at odds over budget, taking the week off
Read full article: Florida lawmakers remain at odds over budget, taking the week offFlorida lawmakers are still nowhere close to agreeing on a budget for the next fiscal year. That means the legislative session that was supposed to wrap up Friday will not end on time.
IRS extends tax deadline to May 1 for Florida, Georgia due to hurricanes
Read full article: IRS extends tax deadline to May 1 for Florida, Georgia due to hurricanesThe Internal Revenue Service extended the tax deadline to May 1 for all of Florida and Georgia due to the hurricanes that affected the states.
Gov. DeSantis calls on Florida Legislature to direct $5 billion for property tax relief
Read full article: Gov. DeSantis calls on Florida Legislature to direct $5 billion for property tax reliefFlorida Gov. Ron DeSantis held a news conference Monday morning to call for immediate property tax relief for homestead owners.
Lucky enough to be getting a tax refund? Here’s how to make the most of it
Read full article: Lucky enough to be getting a tax refund? Here’s how to make the most of itFrom paying off debt to investing in your home, the choices are endless, but which gives you the biggest bang for your buck? Consumer Reports breaks down the best ways to make every dollar count.
Survey finds that Gen Z is targeted by AI-driven tax scams
Read full article: Survey finds that Gen Z is targeted by AI-driven tax scamsA new survey by McAfee reveals that Gen Z, despite being tech-savvy, is the most targeted group for AI-driven tax scams, with scammers using fake IRS communications to steal personal information.
Study shows Jacksonville emerged as top tourist destination in 2024
Read full article: Study shows Jacksonville emerged as top tourist destination in 2024Jacksonville is rapidly gaining recognition as a popular tourist destination, with many visitors expressing a strong desire to return to the River City.
DeSantis again expresses support for reducing or eliminating property taxes during State of the State address
Read full article: DeSantis again expresses support for reducing or eliminating property taxes during State of the State addressGov. Ron DeSantis and other Republicans recently have floated the idea of eliminating or reducing local-government property taxes.
Florida lawmakers to consider ordering study on impacts of eliminating property taxes
Read full article: Florida lawmakers to consider ordering study on impacts of eliminating property taxesA Senate Republican on Tuesday filed a proposal that would lead to studying the possibility of eliminating property taxes in Florida.
DeSantis begins push to lower Florida property taxes, wants constitutional amendment to increase homestead exemption
Read full article: DeSantis begins push to lower Florida property taxes, wants constitutional amendment to increase homestead exemptionAs the end of his term nears, Gov. Ron DeSantis said he wants to make a major push to lower property taxes in Florida.
Stay off the IRS radar: How to avoid a tax audit
Read full article: Stay off the IRS radar: How to avoid a tax auditThe IRS will begin accepting returns on Jan. 29. And even though tax changes could be coming as President-elect Donald Trump assumes office, there are several things you should know before you file.
Owner of Florida healthcare companies withheld $10M in employee taxes, bought yacht, shopped at high-end retailers
Read full article: Owner of Florida healthcare companies withheld $10M in employee taxes, bought yacht, shopped at high-end retailersA Florida man who owned healthcare companies pleaded guilty to withholding nearly $7.5 million in taxes from his employees’ paychecks and not paying those taxes to the IRS as required by law.
Trump promises to cut taxes on tips, overtime, and Social Security. Experts say consumers will eventually pay the price
Read full article: Trump promises to cut taxes on tips, overtime, and Social Security. Experts say consumers will eventually pay the pricePresident Trump promised to make major tax cuts for Americans on the campaign trail, vowing to cut taxes on tips and overtime pay, social security taxes, and reduce corporate income taxes.
Cities across US making decisions on stadium construction deals for major sports teams
Read full article: Cities across US making decisions on stadium construction deals for major sports teamsCommunities across the country are trying to decide whether or not to shell out big bucks for professional sports stadiums. Supporters promise economic growth, but critics say the reality never lives up to the hype.