Florida’s proposal to eliminate property taxes sounds like a radical affordability solution — but what would it actually cost? In this episode, Maiclaire Bolton Smith and Chay Halbert unpack the financial, political, and social tradeoffs behind this bold move.
• Eliminating property taxes would gut funding for schools and public services, forcing states to consider more inconsistent funding alternatives like sales tax hikes.
• Florida’s affordability crisis is already pushing people out of major cities like Miami, and this proposal could deepen inequality.
• Replacing lost revenue isn’t as simple as it sounds — and may create more complex issues than it solves
Florida on the Brink: https://www.cotality.com/insights/articles/florida-on-the-brink
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