Florida property taxes now exceed $55 billion per year — the single largest source of local government revenue. Since 2000, collections have tripled, while the population has grown by only 45%. A levy cap is the tool to curb unchecked tax growth without dismantling local services. According to the recent JMI Poll, 77% want some type of property tax reform, whether through moderate reforms or a complete elimination.
For too long, as home values increased, local governments quietly raised the millage rate to collect more revenue. A levy cap closes that backdoor by capping the total dollars collected. With the cap, the revenue will move with the economy.
Targeted exemptions help some buyers, but shift the burden onto those who don’t qualify. A levy cap applies universally and automatically. No application forms. No eligibility cliffs and no one gets left out.
