This bill revises how Florida counties, cities, and special districts set their maximum property tax (millage) rates. Local governments could now increase rates up to 110% of their previous maximum with a two-thirds board vote, and go higher with either a unanimous vote or a three-fourths vote for larger boards. Currently, increases are based on last year’s actual rate, even if it was below the legal maximum; this bill allows increases based on the maximum authorized rate, potentially leading to higher tax hikes. The bill also standardizes and expands property tax notice requirements, adding QR codes and a website for taxpayers to estimate savings from proposed constitutional amendments, along with clearer information on calculations and local assessments. It also provides funding for mailing costs.
