06/03/2026
🚨 Florida Property Tax Update🚨
The proposed plan to drastically slash property taxes for Florida primary homeowners is officially moving forward! The Florida Legislature just passed a brand-new version (HJR 1F) during a fast-tracked special session, and the decision is now heading to the ballot this November.
Here is what you need to know:
Massive Exemption Boost: If approved by voters, the current $50,000 homestead exemption will skyrocket to $150,000 in 2027, and jump to $250,000 in 2028 (adjusting for inflation afterward).
The Goal: Full elimination of non-school property taxes for primary residences over time. Estimates show that by 2028, roughly 60% of Florida primary homeowners could owe $0 in non-school property taxes!
What's Covered: This only applies to non-school taxes (city/county levies). Local school district taxes will remain protected to keep schools funded.
Primary Residences Only: This tax relief is strictly for permanent, homesteaded Florida residents. Commercial properties, second homes, and vacation rentals will not receive this exemption.
What’s Next?
Because this changes the Florida Constitution, it’s out of the politicians' hands now. To become official law, it requires a 60% "Yes" vote from Floridians on the November 3, 2026 ballot.
This could be a massive game-changer for local homeowners and the real estate market! 🏡✨