Florida is in the middle of one of the biggest property-tax discussions in decades — and if the proposals move forward, they could dramatically affect homeowners, sellers, and investors across Port St. Lucie and the Treasure Coast. Governor Ron DeSantis and state lawmakers are exploring options to reduce or eliminate certain property taxes, making homeownership more affordable for Floridians. Here’s what to know.
What Is Being Proposed?
Several proposals have surfaced that aim to cut or eliminate non-school property taxes, particularly on homesteaded properties. Some versions suggest immediate elimination, while others would phase the changes in over time.
If advanced, these proposals could eventually appear on a statewide ballot, where Florida voters would need to approve them with a 60% majority.
Important:
Nothing has been finalized yet — these are proposals, not enacted laws.
Why Lawmakers Want Property Taxes Reduced
Supporters say eliminating or shrinking property taxes could:
- Lower the overall cost of homeownership
- Help long-term residents stay in their homes
- Reduce the financial strain on retirees
- Boost affordability for families
- Encourage more people to buy homes in Florida
Some economists predict that removing property taxes could even cause home values to rise 7–9% statewide due to increased demand and lower carrying costs.
Potential Benefits for Treasure Coast Homeowners
✔ Lower Yearly Expenses
Property taxes are a major recurring cost. Reducing or removing them could significantly lower yearly homeownership expenses.
✔ Higher Property Values
If demand increases (because owning becomes cheaper), values may rise — great news for sellers or long-term investors.
✔ More Buying Power
Buyers may qualify for larger loan amounts if taxes are lower or eliminated.
Concerns & Risks to Keep in Mind
While the idea sounds appealing, there are real concerns being discussed:
⚠️ Local Services Funding
Property taxes fund essential services such as:
- Fire departments
- EMS
- Local police
- Road maintenance
- Parks & recreation
- Libraries
Cities and counties would need new ways to fund these services if property taxes are reduced.
⚠️ Home Prices Could Increase
A projected 7–9% jump in home values could make it harder for:
- First-time homebuyers
- Lower-income buyers
- Younger families entering the market
⚠️ Other Taxes or Fees Could Rise
If property taxes are cut, local governments may need to adjust:
- Sales taxes
- Utility fees
- Licensing or permit fees
- Service assessments
This is the biggest unknown in the proposals.
What This Means for Port St. Lucie Homeowners
Here on the Treasure Coast, where population growth continues to surge, these tax proposals could shift the market quickly. You may see:
- Increased buyer interest
- More competition for affordable homes
- Stronger investor activity
- Potential pressure on local services
- Rising home values in certain neighborhoods
If you’re planning to buy, sell, or invest, staying informed is crucial.
What Homeowners Should Do Now
1. Stay Up to Date
These proposals may appear on the 2026 Florida ballot. Homeowners should follow legislative updates closely.
2. Evaluate Your Property Plans
If you’re thinking of selling or investing, potential value jumps could influence timing.
3. Watch for Local Cost Changes
If property taxes drop, other fees may rise — especially for services like trash collection, water, and fire assessment.
Final Thoughts
The possible reduction or removal of property taxes in Florida is one of the biggest topics affecting homeowners today. If these proposals move forward, they could reshape affordability, demand, and long-term property values across Port St. Lucie and the Treasure Coast.
I’ll continue monitoring all updates so my clients always have the most accurate information before buying or selling.
OurTreasureCoastLiving.com 