Gov. Ron DeSantis on Wednesday called for Florida to phase out property taxes on homeowners’ residences, starting by asking voters in a November ballot referendum to raise the state’s homestead exempt...

Florida’s proposed property tax overhaul would raise the homestead exemption from $50,000 to $250,000, potentially reducing taxes for many homeowners but cutting local revenue.

Property tax revenue collected by local governments has nearly doubled in the past seven years and is expected to reach an astounding $83 billion by 2032,” the governor said.