Big Changes Could Be Coming to Florida's Homestead Exemption
Florida homeowners may soon see the biggest property tax change in decades.
A proposed constitutional amendment will appear on the November 2026 ballot that would significantly expand Florida's Homestead Exemption. If approved by at least 60% of Florida voters, the changes would begin taking effect in 2027.
Here's what homeowners, buyers, and sellers should know.
What Is the Homestead Exemption?
Florida's Homestead Exemption reduces the taxable value of your primary residence, helping lower your annual property tax bill.
Currently, most Florida homeowners receive:
Up to $25,000 off the taxable value for all property taxes.
An additional $25,000 exemption on the value between $50,000 and $75,000 for non-school taxes.
In addition to tax savings, qualifying homeowners also benefit from Florida's Save Our Homes assessment cap, which limits annual increases in assessed value.
What's Changing?
If voters approve the amendment this November, Florida would gradually increase the homestead exemption for non-school taxes:
2027: Increase to $150,000
2028: Increase to $250,000
Future increases would be adjusted for inflation.
The proposal would represent the largest expansion of Florida's homestead exemption in state history.
What Could This Mean for Homeowners?
For many homeowners, a larger exemption could mean:
Lower annual property tax bills
Greater affordability for primary residences
Increased savings over time, depending on local tax rates and property value
The exact savings would vary based on:
Your home's assessed value
Your county and municipal tax rates
Whether your property qualifies for Homestead Exemption
Are There Any Concerns?
While supporters say the proposal provides much-needed tax relief, opponents point to potential impacts on local government funding.
Because property taxes help pay for services such as:
Police and fire departments
Roads and infrastructure
Parks and recreation
Libraries
Local government operations
Some counties and cities have expressed concern that reduced tax revenue could require budget adjustments or service reductions if the amendment passes.
Has Anything Changed Yet?
No.
The proposal has not become law.
Florida voters will decide its fate during the November 2026 General Election, and constitutional amendments require 60% voter approval to pass. If approved, the first phase would take effect on January 1, 2027.
What Should Homeowners Do Now?
There's nothing you need to do immediately, but it's a good time to:
Make sure you've already filed for your current Homestead Exemption if you're eligible.
Stay informed about the upcoming ballot measure.
Talk with a local real estate professional or tax advisor if you're planning to buy or sell a home in the next year.
Final Thoughts
Florida's proposed Homestead Exemption expansion has the potential to reshape property taxes for homeowners across the state. Whether you're already a homeowner or considering purchasing your first home, understanding these proposed changes can help you make informed decisions.
As always, we'll continue to monitor the proposal and share updates as new information becomes available.
Disclaimer: This article is for informational purposes only and should not be considered legal or tax advice. Consult your county property appraiser or a qualified tax professional regarding your specific situation.
Official Florida Government Sources
Florida House of Representatives – CS/HJR 1F (2026): Save Our Homes from Excessive Property Taxes
https://www.flhouse.gov/Sections/Bills/billsdetail.aspx?BillId=84452
Florida Senate Press Release – Senate Passes Historic Property Tax Cut for Florida Homeowners
https://www.flsenate.gov/PublishedContent/Offices/President/6_2_26_Senate_Passes_Historic_Property_Tax_Cut_for_Florida_Homeowners.pdf