Plain English Breakdown
The provided metadata lists conflicting status information: it states the bill passed both chambers but also notes it died in committee. The fact-check relies on the official text content assuming passage for the purpose of explaining the law's provisions.
Maximum Millage Rates for the 2027-2028 Fiscal Year
This bill sets a limit on property tax rates for counties and schools in Florida for the 2027-2028 fiscal year by matching revenue levels from five years earlier.
What This Bill Does
- Creates Section 200.1851 of the Florida Statutes, titled 'Freedom: Property Tax Relief Rollback for All Floridians Act'.
- Sets the maximum county millage rate so it collects no more ad valorem tax revenue than in the 2022-2023 fiscal year.
- Sets the maximum school district millage rate to match ad valorem tax revenue from the 2022-2023 fiscal year.
- States that this rule overrides any other existing laws about these rates for that time period.
- Schedules an automatic end date for this law on January 1, 2029.
Who It Names or Affects
- County governments in Florida
- School districts in Florida
Terms To Know
- Millage rate
- The tax amount charged for every $1,000 of property value.
- Ad valorem tax revenue
- Money collected from taxes based on the value of real estate or personal property.
Limits and Unknowns
- The bill text does not explain how to calculate the exact rate if property values change.
- This law only applies during the 2027-2028 fiscal year and ends on January 1, 2029.