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The Florida Legislature has approved putting a property tax exemption worth billions on the November ballot. That means voters will now decide if, eventually, the first $250,000 of a home's value should be exempt from property taxes. The proposal does not apply to school taxes. If approved, governments in Florida will have to provide services with an estimated $4.6 billion less starting in 2027 and $8.4 billion less in 2028.
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