A new tax reform proposal in Florida is causing heated debate. The proposed bill, sponsored by state House Rep. Ryan Chamberlin, seeks to study whether the Sunshine State can eliminate property taxes.Data show that property taxes have been rising across the country. Over the last few years, the average tax on a single-family home in the U.S. was just under $4,000. State and local taxes continue to be among the highest tax bills people pay in the U.S. But, as in many states, property taxes in Florida are a primary source of funding for essential local government services and infrastructure.In a message on X, formerly Twitter, Chamberlin wrote about the tax proposal: "It's Time - there's a better way. No more property taxes!”Subscribe to Kiplinger’s Personal FinanceBe a smarter, better informed investor.Save up to 74%Sign up for Kiplinger’s Free E-NewslettersProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-m...
