County commissioners vote to object to homestead tax exemption plans
By Nathan Mayberg
The Lee County Board of County Commissioners voted today to oppose the homestead property tax exemption proposal of Gov. Ron DeSantis that is currently in front of the state legislature, unless the revenue losses for local governments can be replaced with "stable, recurring replacement funding sources." The county projects that the bill could cause a property tax revenue loss of $129.7 million in next year's budget and a $240.8 million loss in the 2028-29 budget. The proposal from Gov. Ron DeSantis to amend the state Constitution would raise the current property tax exemption for homestead property owners from $50,000 of their assessed property value to up to $250,000 of the ...
