Florida’s proposed property tax cuts rely on a population boom that has slowed dramatically

Florida’s proposed property tax cuts rely on a population boom that has slowed dramatically

Florida's population continues to grow, but the current growth rate may not be enough to support the state budget if the proposed amendment to property taxes passes. Robert Daly/OJO Images via Getty ImagesFrom 2020 to 2024, Florida’s population grew by 8.5%, from 21.6 million to 23.4 million. This is nothing new: The state’s warm weather, amenities that include world-class golf courses and beaches, and lack of income tax have long attracted newc…

Florida’s proposed property tax cuts rely on a population boom that has slowed dramatically

by Matt Brooks, Florida State University and Karin Brewster, Florida State University, [This article first appeared in The Conversation, republished with permission] From 2020 to 2024, Florida’s population grew by 8.5%, from 21.6 million to 23.4 million. This is nothing new: The state’s warm weather, amenities that include world-class golf courses and beaches, and lack of income tax have long attracted newcomers, so Florida often leads the U.S. …