08/04/2026
đĄ Florida homeowners and future buyersâthis could be a major tax break!!!
A proposed amendment on the November ballot could increase Florida's Homestead Exemption from $50,000 to $250,000.
â ď¸ But there's an important catch.
To qualify for the full expanded benefit right away, you generally must already have your Florida primary residence and Homestead established by December 31, 2026. Buyers who establish Homestead starting in 2027 could have to wait several years before receiving the full increased exemption.
This proposal hasn't become law yetâit still needs at least 60% voter approval in November.
Thinking about buying a home in Florida? This vote could affect your future property taxes.