Florida property taxes now exceed $55 billion per year — the single largest source of local government revenue. Since 2000, collections have tripled, while the population has grown by only 45%. A levy cap is the tool to curb unchecked tax growth without dismantling local services. According to the recent JMI Poll, 77% want some type of property tax reform, whether through moderate reforms or a complete elimination.
To illustrate how this levy cap equation works and compare it to other reform options, The James Madison Institute has created an infographic tackling the most asked questions.
Find the full infographic here.
