The financial math behind fleeing high-tax states for a Florida paradise is hitting a major roadblock. While the absence of a state income tax in the Sunshine State remains a powerful draw for transplants, a combination of rising property taxes, soaring property insurance premiums and everyday inflation has pushed Miami's total cost of living above New York City's for the first time. GET FOX BUSINESS ON THE GO BY CLICKING HEREHowever, price relief could be on Florida's horizon after Gov. Under the proposal, eligible homeowners could receive up to a $250,000 exemption from non-school property taxes, phased in beginning in 2027 if voters approve the measure. If approved by at least 60% of voters, the constitutional amendment could mean lower property tax bills and significant savings for millions of Florida homeowners.