Ron DeSantis' $61B Problem: Will Florida be the First Property and Income Tax-Free State?

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 29 November 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Florida may eliminate property taxes and keep no state income tax. Patrick breaks down the $61B gap, who wins or loses, funding options, and how this impacts affordability, migration, and first-time buyers. Is this bold strategy smart or risky for Florida’s future?

Transcript

Click on a timestamp to play from that location

0:00.0	So Governor DeSantis from Florida is proposing something that no other state in America is doing today.
0:05.0	No state income taxes, no property taxes.
0:09.0	Complete opposite of what Momdani is proposing in New York City, free buses, free government-ranked groceries,
0:15.0	all these free things that he wants on tax to rich.
0:18.0	He's doing the opposite.
0:19.0	Momdani's listened to his younger voters. DeSantis maybe is listening to his older voters. Florida, boomers. There's a big debate on Twitter with DeSantis. You just want to protect your boomer, billionaires and millionaires. And no, that's not true. Back and forth. Is it a good idea to get rid of $61 billion revenue you're getting from property taxes. Is this even possible? Who's it going to
0:40.4	hurt? Who does the benefit? We're going to talk about that today.
0:52.5	Okay, so if you're wondering, why is this kind of hanging on to all these notes? If you want, this is all the research from what we're going to cover today. If you want this, hang around at the end, I want to tell you how to get all these notes. Okay, so let's go through it. Roughly $61 billion, $2024 revenue came from property taxes. Of that $61 billion, $18 to $20 billion was Homestead. People who live here,
1:12.6	non-Homestead was $40 billion to $43 billion, 64% of people who don't live here. These are people
1:19.6	that own a vacation home. It's Florida. It's a beautiful place. They want to come here during the winter.
1:24.6	All of that, right? Now look at this year. The $61 billion, we wanted to find out where that money is spent.
1:32.0	50 to 60% of it funds school district funding.
1:36.0	18 to 19% is county revenue.
1:38.8	17% is municipal in the last 10% of special district water management,
1:43.2	different projects that they work on.
1:44.5	So now, what is the biggest concern with this if he decides to eliminate property taxes?
1:52.7	One, raising taxes in other places.
1:55.7	You know what?
1:56.7	If you take the money $61 billion from this place, you're going to have to get that money from another
2:01.2	place. How are you going to fund all these different things that you have? And he's said multiple
2:04.8	times. DeSantis himself has said, he does not want to raise taxes, raise sales taxes, which
2:11.4	you'll see what sales taxes will look like if he has to do that. Because sales taxes right now, now Florida is 6% plus some local surtaxes
	...

Transcript will be available on the free plan in 12 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Valuetainment Episodes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Valuetainment Episodes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.