07/10/2026
โ๏ธ Thinking about moving to Florida? Here's something worth watching! ๐ก๐ด Florida voters will decide in November 2026 whether to increase the Homestead Exemption for primary residences. If approved, it could mean lower property taxes for many Florida homeowners. Here's the quick version: ๐ Homestead Exemption โ
Could increase to $150,000 beginning in 2027. โ
Could increase to $250,000 beginning in 2028 (for qualifying homeowners). ๐ Investment & Second Homes The annual assessment cap on non-homestead properties would drop from 10% to 5%, helping limit future taxable value increases. ๐ School Taxes This proposal does NOT change school taxes or the current $25,000 school tax exemption. โญ Good news! Save Our Homes, portability, and exemptions for veterans, seniors, first responders, widows/widowers, and disabled homeowners would all remain in place. โ ๏ธ One important note: This is not law yet. Florida voters must approve the constitutional amendment by 60% in the November 2026 election before any of these changes take effect. If you've been thinking about making Florida home, it's one more reason to keep an eye on what's happening here. Sunshine, beaches...and maybe even a little tax relief. ๐ด๐ ๐ Thinking about relocating to Northwest Florida? I'd be happy to help you understand the costs of owning a home hereโincluding property taxes, insurance, and everything else that surprises newcomers. Let's talk!