Florida Governor Ron DeSantis has made abolishing property taxes for homeowners a centerpiece of his second-term agenda. This idea may sound appealing, but it would be unjust, unsustainable, set back Florida’s economic ascendance, and make the state an electorally inefficient “vote sink.” Instead of following Britain’s Tories in taking the easy route of pandering to rentier gerontocracy, DeSantis should return to making Florida a beacon of smart conservative policy.
The property tax reliably polls as America’s most unpopular major tax, primarily because it must be paid in large lump sums and does not fluctuate with family income. Nevertheless, DeSantis’s plan to eliminate property taxes on Florida residents’ primary residences, presumably funded by a sales tax hike, would be a serious mistake.