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Volusia County staff warns of roughly $110M annual shortfall if homestead exemption is eliminated
Summary
County staff told the council a repeal or major change to homestead property tax exemptions could cut an estimated $110M–$114M in annual revenue and leave limited options to fill the gap because mandated payments and law‑enforcement protections consume most general fund dollars.
County finance staff gave councilmembers a worst-case scenario for proposals now circulating in Tallahassee that would exempt homestead properties from local property taxes. At a goals workshop, staff said 37.5% of the county’s property tax base is tied to homestead property and estimated “$110,000,000” to “$114,000,000” in annual revenue could be lost if the exemption were enacted as currently drafted.
The presentation noted that some bills being considered would hold law enforcement budgets harmless, and that HJR 201 — the resolution staff cited as an example —…
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