The James Madison Institute (JMI) has released a new report evaluating options to reform Florida’s current property tax system, including the economic impacts of the status quo and various reform options.

The study, entitled “ Property Tax Relief in Florida: Challenges, Options, and the Path to True Homeownership ,” found an overwhelming desire among Floridians to reduce or eliminate property tax exposure.

Authored by Vance Ginn and Joseph Johns , a poll included in the study found that 72% of Floridians crave some form of reform.

Options in the report include incremental measures such as increased homestead exemptions, appraisal caps or short-term relief through levied caps; surplus-driven buydowns with local spending caps to gradually lower millage rates; and a sales tax swap

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