06/08/2026
Florida is about to raise the homestead exemption from $50,000 to $150,000 in 2027.
Then to $250,000 in 2028.
Voters must approve it with 60% in November.
Here is where we are:
• The Senate passed the proposal 30–9.
• The House passed it 75–26.
• The expanded exemption will not apply to school district taxes.
• Non-school local governments face a projected $4.6 billion annual revenue reduction at the start.
• That number grows to $8.4 billion per year.
Lawmakers revised the plan after pushback from local governments and firefighters.
The exemption shields more of your home’s value from taxes.
School funding stays protected.
If you own a home in Florida, this affects you.
If you plan to buy, this shapes your numbers.
Florida voters will decide in November whether to dramatically expand homestead property tax exemptions after lawmakers approved a constitutional amendment.