Property taxes are local country/city main funding. MGT as federal congresscritter has 0 fucking say. Some states do take a cut of property taxes. Not positive about Florida (DeSantis), but FL does have a foreigner transaction tax on purchases of homes.
States and municipalities also take a chunk of land transfer and development fees. Some places have high transfer fees to provide lower property taxes. These other fees can suppress new housing. In Toronto, development fees are $300k per house.
This is all empty grandstanding. For DeSantis, he cannot dictate county/city revenue, and if he’s not suggesting eliminating State government, then he would need a revenue replacement formula. More likely saying stupid shit for 2028 Primary purposes, because GOP solution to America’s problems is always that the rich need to pay less taxes.
Property taxes are local country/city main funding. MGT as federal congresscritter has 0 fucking say. Some states do take a cut of property taxes. Not positive about Florida (DeSantis), but FL does have a foreigner transaction tax on purchases of homes.
States and municipalities also take a chunk of land transfer and development fees. Some places have high transfer fees to provide lower property taxes. These other fees can suppress new housing. In Toronto, development fees are $300k per house.
This is all empty grandstanding. For DeSantis, he cannot dictate county/city revenue, and if he’s not suggesting eliminating State government, then he would need a revenue replacement formula. More likely saying stupid shit for 2028 Primary purposes, because GOP solution to America’s problems is always that the rich need to pay less taxes.