Florida considers slashing resident property taxes while hiking rates on non-residential owners

The state of Florida is considering a proposal to reduce and eventually eliminate property taxes for local residents.

The framework would offset the cuts by increasing property taxes on Canadian property owners and other non-residential property owners.

The measure remains a proposal under consideration, with no formal changes enacted.

For Indian-origin homeowners in Florida, primary residences could see property tax relief under the proposal, while holding non-residential property could bring higher tax burdens.