06/11/2026
šØ Florida just passed the biggest property tax cut in state history. And most people have no idea what it actually means for them.
Here is what you need to know if you own a home in Boca Raton, Delray Beach, or anywhere in Palm Beach County.
The homestead exemption on your Florida primary residence jumps from $50,000 to $250,000 if voters approve this in November.
That is roughly $2,500 to $3,200 less on your Florida property tax bill every single year.
And that savings is the same whether your home is worth $600,000 or $6,000,000. It is a flat benefit across every price point.
But here is the part nobody is covering.
If you are relocating to Florida from out of state and you close before December 31, 2026, you are on the full exemption path from day one.
If you close after that date as a new Florida resident, you start at a $50,000 homestead exemption for five years before stepping up to the full $250,000 amount.
If you already live in Florida and are buying a new primary residence, that phase-in does not apply to you.
And if you are relocating from a high-tax state like New York, New Jersey, or California, you are already saving tens of thousands per year on state income tax.
This Florida property tax amendment is on top of that.
Even if you are not yet a permanent resident, the opportunity is still real.
Buying South Florida real estate before November means buying before this story fully prices into the market.
The buyers who win almost always move before the headline, not after it.
Drop HOMES in the comments and Iāll send you the 3 best neighborhoods in Boca Raton, FL under $2M. š
Iām Alex Mendel, a luxury real estate agent serving Boca Raton, Delray Beach, and Palm Beach County. š
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