Breaking—Total Tax Cut Impact for All Local Govt: $126.6M

Rick Outzen

2 hours ago

Escambia County Property Appraiser Bubba Peters and his staff have been working the total impact of Gov. Ron DeSantis’ constitutional amendment to reduce property taxes on all the Escambia entities receiving ad valorem taxes. The impact for FY2027-28 is $90.4 million, and for the following year when the homestead exemption increases to $250,000 the impact is $126.6 million:

Escambia County: $56,211,389
Library: $3,057,559
MSTU-Sheriff: $4,550,197
Total County: $61,119,146

School by Local Board: $23,011,101
School by State Law: $31,844,989
Total School:$54,856,090

Escambia Children’s Trust: $3,234,710

City of Pensacola: $7,243,265

Downtown Improvement Board: $8,267

Northwest Florida Water District: $176,299

Town of Century: $10,823

See Chart: Proposed Const Amdmnt 150K-250K Analysis

At 8:30 a.m., the Greater Pensacola Chamber sent out this statement:

As the Florida Legislature convenes in Special Session this week to consider property tax reform proposals, the Greater Pensacola Chamber of Commerce reiterates its position on the matter.

Ensure Property Tax Reform Does Not Lead to an Increase in Business Taxes

The Greater Pensacola Chamber of Commerce will be monitoring the legislative proposals being considered for the reduction or potential elimination of property taxes in Florida.

While the Florida Legislature considers property tax reform, the Greater Pensacola Chamber of Commerce advocates that any change to the property tax structure in Florida does not result in any additional tax burden being placed on the business community.

Will the Chamber change its position now that it knows the possible impact on our public education and local services?