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Wakulla County models multimillion-dollar shortfall if homestead property tax exemptions advance
Summary
At a Dec. workshop, county staff and outside advisors warned that proposed state constitutional amendments to reduce or exempt homestead property taxes could remove roughly $9.4 million from Wakulla County’s general revenue and force cuts to discretionary services or changes to mandated-service delivery; no decisions were made.
WAKULLA COUNTY — Wakulla County officials spent a workshop Tuesday evening mapping how proposed state constitutional amendments to reduce or eliminate homestead property taxes could affect local services and budgets, but they emphasized that the county has no implementing bill and no formal decisions were made.
County staff presented a budget model for fiscal year 2025–26 showing the county is budgeted to collect $18,840,018 in property-tax revenue and that property taxes account for about 49% of general fund revenue. "Property taxes make up nearly 49% of our general revenue," Kelly Graves, county staff member, said while outlining the county’s revenue mix and restrictions on repurposing certain dedicated funds.
Michelle Metcalfe, a county staff presenter, summarized four proposals moving through the Legislature that would change how homestead property is taxed. "House joint…
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