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A Future with No Property Taxes? Keep an Eye on Florida Amendment 3 10/23/26 · OneLegUpAlex Media

• 0:01
  Speaker 1: Here's your host, Alex Garrett. All right, you know it's
• 0:06
  Speaker 1: serious when that theme music is on my Instagram because
• 0:10
  Speaker 1: this podcast is ranked top 15 of the group I'm
• 0:15
  Speaker 1: in for top host as of last night. Keep me
• 0:19
  Speaker 1: at top 10. We're at the sixth spot right now.
• 0:22
  Speaker 1: And boy, oh boy, if this podcast can keep advancing
• 0:25
  Speaker 1: into the top host, you know, running, uh, You know,
• 0:29
  Speaker 1: something special could be happening here.
• 0:30
  Speaker 2: We'll have to find out.
• 0:32
  Speaker 1: But I will tell you, I covered the Mike Gallagher
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  Speaker 1: show the last couple of days. And Mike had a very,
• 0:38
  Speaker 1: as an engineer for Eric, and Mike had a very interesting.
• 0:43
  Speaker 2: Topic yesterday, which I didn't even get a chance to
• 0:45
  Speaker 2: follow up with you on.
• 0:49
  Speaker 1: If you're in Florida, and I know this podcast gets
• 0:51
  Speaker 1: listened to in Florida because it seems to be listened
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  Speaker 1: to statewide everywhere, uh, There's an amendment on the ballot
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  Speaker 1: this November 3rd that could expand homestead property tax exemptions
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  Speaker 1: for non-school taxes. It sounds a lot of gobbledygook, but
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  Speaker 1: if they continue to expand eliminating property taxes, I love
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  Speaker 1: New York City, but I would look for a house
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  Speaker 1: there because, you know, who wouldn't want to pay Who
• 1:27
  Speaker 1: wouldn't want to pay for property taxes? Especially up here,
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  Speaker 1: knowing that we get sacked with a pita tear tax
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  Speaker 1: in New York.
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  Speaker 2: You have two homes.
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  Speaker 1: Florida expanding, if they get 60% of the voters on
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  Speaker 1: board with it, would expand the homestead exemption for all
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  Speaker 1: non-school taxes to $ 150, 000 in 2027 and $ 250, 000 in 2026.
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  Speaker 1: allowing the floral legislature to allow counties and cities to
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  Speaker 1: expand the exemption further, potentially eliminating all non-school homestead property taxes.
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  Speaker 1: Why do we all want to live in a world
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  Speaker 1: where we don't have to pay any property taxes for
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  Speaker 1: our homes, especially here in New York? Now, it's kind
• 2:22
  Speaker 1: of weird because I love New York City and I
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  Speaker 1: really don't want to leave. However, I could see the
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  Speaker 1: allure of Florida bringing more people down. Opponents of the bill,
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  Speaker 1: according to the Florida Phoenix, have warned that loss of
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  Speaker 1: tax revenue could put damaging pressure on local budgets, public safety,
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  Speaker 1: and other community services. Ryan, I know you have family
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  Speaker 1: down there and you visit there often. I don't believe
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  Speaker 1: there's a sales tax as of right now in Florida,
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  Speaker 1: which makes it even more appealing for people to stay there.
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  Speaker 1: Now you add this, uh, additional possibility of no property taxes,
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  Speaker 1: it is very, very, I don't want to say the
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  Speaker 1: word seductive, but it is very appealing.
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  Speaker 2: You know, I.
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  Speaker 1: Could go down there with a house or whatever for
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  Speaker 1: spring training and watch all the Yankees play in Tampa,
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  Speaker 1: then come back to New York, you know, that type
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  Speaker 1: of thing.
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  Speaker 2: Yeah, I don't have the money for that. But you
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  Speaker 2: get my point. Why can't we adopt these kind of
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  Speaker 2: things up here? Why are we always strong-armed and muscled
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  Speaker 2: out of our money? I was talking about this yesterday.
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  Speaker 2: Full disclosure, I won $ 10, 000 with Fanatics, okay? I'm going
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  Speaker 2: to say that, and I'm very proud of that.
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  Speaker 1: And it's pretty public now because Fanatics was posted about it.
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  Speaker 1: You don't think by the time the IRS comes around,
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  Speaker 1: they're going to want, they're going to not want some
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  Speaker 1: of that.
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  Speaker 2: Like, I pray they don't. I pray they let me
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  Speaker 2: keep my 10 grand. But this is New York after all.
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  Speaker 2: This is New York.
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  Speaker 1: And you look at that gubernatorial race and you look
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  Speaker 1: at how Hochul is claiming she had the lowest taxes
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  Speaker 1: and then Blakeman responding, no, she has the highest taxes.
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  Speaker 2: So, you know, this is where we are in New York.
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  Speaker 1: And then in the city, you've got a mayor that
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  Speaker 1: thinks it's okay to tax you for being well off
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  Speaker 1: enough to own a second home. Oh, and then docks
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  Speaker 1: all the people who have second homes. This is why
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  Speaker 1: New York will not sustain. Because I'm sure even the
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  Speaker 1: younger generation is going to look at what's happening down
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  Speaker 1: in Florida. and say, oh, you know, my grandparents are there,
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  Speaker 1: my family's there, my aunt and uncle's there, and now
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  Speaker 1: I want to get to pay property tax if this
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  Speaker 1: gets through on November 3rd, if Amendment 3 gets through,
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  Speaker 1: you could see more and more and more businesses and
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  Speaker 1: people and, you know, all.
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  Speaker 2: The like leaving our state for that reason. So, I guess....
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  Speaker 1: Why I think it's so interesting is because I wish
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  Speaker 1: I could just be in the ear of our governor
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  Speaker 1: and our mayor and say, look what Florida is doing.
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  Speaker 1: You want to bring back 420,000 people we lost in
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  Speaker 1: the pandemic to leaving the state?
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  Speaker 2: You're all at some tax relief.
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  Speaker 1: Not continual taxing on our backs.
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  Speaker 2: Because.
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  Speaker 1: Yes, New York's amazing to live in, and it's a
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  Speaker 1: beautiful place, and I really don't want to move anywhere else.
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  Speaker 1: But we're not being ingenuitive like this.
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  Speaker 2: We're not being for the people.
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  Speaker 1: Like I feel like Florida is by potentially having a
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  Speaker 1: ballot measure that eliminates property taxes on homestead properties. Now,
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  Speaker 1: do I think it's crazy to own a second or
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  Speaker 1: third home with no taxes?
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  Speaker 2: Maybe so. At least three homes. That's kind of crazy.
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  Speaker 2: But the idea of we're going to bring you relief.
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  Speaker 1: I'm not getting that message this gubernatorial election up here. Instead,
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  Speaker 1: the message I'm getting is vote for me and I'll
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  Speaker 1: still stand with Mom Donnie.
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  Speaker 2: And I'll still... Be.
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  Speaker 1: Okay with him taxing you through the nose like I'm
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  Speaker 1: going to do in New York. Vote for me and
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  Speaker 1: you'll get more corruption like, I don't know, kickbacks for
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  Speaker 1: all the Buffalo Bills.
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  Speaker 2: Stadium building that went on and all that fun stuff.
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  Speaker 2: That's on the ballot here in New York.
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  Speaker 1: With Blakeman, I feel like we'd have an ease of taxes.
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  Speaker 1: We have an ease of things. And it'd be easier
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  Speaker 1: to live here because it'd be safer to live here.
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  Speaker 1: I just don't see it. I don't see how that's
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  Speaker 1: possible under Hochul. And whoever becomes governor, I do wish
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  Speaker 1: they could look at what's going on in Florida with
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  Speaker 1: this property tax amendment and say, gee, don't we want
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  Speaker 1: the billionaires and the millionaires to continue to contribute to
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  Speaker 1: New York Shouldn't we alleviate the pressures on them to
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  Speaker 1: stay and continue to invest in our city? I know
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  Speaker 1: I said this about the peer-to-tear tax a few months ago,
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  Speaker 1: that these taxes are basically saying to billionaires, we don't
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  Speaker 1: want you to support.
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  Speaker 2: Our state or our city.
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  Speaker 1: And that's wrong. That's very wrong. So, what I would
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  Speaker 1: like to do is on this podcast propose that Whoever
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  Speaker 1: wins governor, take a look at what's going on down
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  Speaker 1: in Florida.
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  Speaker 2: And change things here. Bring relief here.
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  Speaker 1: Welcome the contributions and the fact that billionaires want to
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  Speaker 1: live here. Don't stand on the street corner where they
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  Speaker 1: live and say, hey, this is where Ken Griffin lives.
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  Speaker 1: What an idiot move that was, Mayor Momdani. What an
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  Speaker 1: idiot move that was. And a dangerous move at that.
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  Speaker 1: So what a dynamic. You've got Florida who says, we
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  Speaker 1: want to potentially eliminate property taxes overall. And you've got
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  Speaker 1: the state of New York saying, well, we're going to
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  Speaker 1: tax you through the wazoo. And by the way, punish
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  Speaker 1: you for being well off and successful because, you know,
• 9:07
  Speaker 1: the guy.
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  Speaker 2: And I don't mean this any bad way when I
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  Speaker 2: say this.
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  Speaker 1: But meanwhile, the guy who strives to only work at
• 9:15
  Speaker 1: McDonald's gets the same treatment for not working as hard.
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  Speaker 2: I don't think that's right. We were built on competition.
• 9:29
  Speaker 2: We were built on capitalism. Can it go too far?
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  Speaker 2: Absolutely it can.
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  Speaker 1: But to then say we're going to take it into
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  Speaker 1: our own hands and punish those who have used capitalism
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  Speaker 1: for their benefit and who have worked hard for their
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  Speaker 1: money simply because they want to give it to those
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  Speaker 1: who are basically can sometimes, can I say, commit fraud.
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  Speaker 1: They commit fraud when you pay into Medicaid and some
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  Speaker 1: of those people don't even need it. Minnesota's now back
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  Speaker 1: in the spotlight because of all the fraud they've been
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  Speaker 1: going through. And basically it's under siege up in Minnesota
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  Speaker 1: with that. And I'm glad that I was able to
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  Speaker 1: work the board yesterday for this because when I heard
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  Speaker 1: that property taxes could be eliminated in Florida entirely, I
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  Speaker 1: feel like it needs to be talked about because New
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  Speaker 1: York would never, never eliminate taxes to that extent. They
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  Speaker 1: would just continue adding taxes and adding pressures. You know,
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  Speaker 1: they say the opponents of the bill are worried the
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  Speaker 1: pressures it's going to cause on essential services and domestic,
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  Speaker 1: not disputes, but like domestic issues.
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  Speaker 2: You know, like the local fire department, local police, local,
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  Speaker 2: I don't know, mayor's office. I don't know. Just local services.
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  Speaker 2: But what about a world where we're not pressuring citizens?
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  Speaker 2: To pay out so much for all their hard work.
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  Speaker 2: What about a world where we're not taking money from
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  Speaker 2: those who have really.
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  Speaker 1: Worked to achieve that level of buying a second home?
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  Speaker 1: And instead, maybe letting them support those who cannot make
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  Speaker 1: it on their own or letting them support or encouraging
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  Speaker 1: those who may not be as well off that there
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  Speaker 1: are opportunities out there. For goodness sakes, this is Disability
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  Speaker 1: Employment Awareness Month. And as I always say, whether you're
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  Speaker 1: an athlete, whether you're a politician, most times, whether you're
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  Speaker 1: a person with disabilities, whether you're a radio host, whether
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  Speaker 1: you're an investment banker, whatever you are, you are a taxpayer.
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  Speaker 1: That's what brings us all together in either upset or excitement.
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  Speaker 2: Over tax cuts. Upset over more taxes, excitement over tax cuts.
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  Speaker 2: Because we all pay into this. But to be asked
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  Speaker 2: to continually.
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  Speaker 1: Pay in and then pay in even more And then say, oh,
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  Speaker 1: hope you stay here and support us.
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  Speaker 2: It's not right.
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  Speaker 1: So I hope New York looks at what Florida's doing
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  Speaker 1: and says, okay. We can charge property taxes on the
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  Speaker 1: bigger homes. But don't keep going after people for being
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  Speaker 1: well off. Or they will go to Florida and pay
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  Speaker 1: no taxes at all. That's the future I'm seeing here
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  Speaker 1: at One Look Up Alex Media.