09/26/2026
FLORIDA PROPERTY TAX REFORM: WHAT COULD IT MEAN FOR YOU?
There’s a lot of conversation surrounding Florida property taxes and whether you’re a homeowner, buyer, or seller, this is something worth understanding.
Florida voters are expected to consider a major property tax amendment in November 2026 that could significantly change how certain property taxes are calculated.
🔑 FOR CURRENT HOMEOWNERS:
The proposal would increase the property tax exemption on qualifying homesteaded properties, potentially providing meaningful tax relief. The proposal applies differently to school and non-school property taxes, so it does not simply mean your entire property tax bill disappears.
🏠 FOR POTENTIAL BUYERS:
Lower property taxes could help reduce the ongoing cost of homeownership for qualifying primary residences. However, buyers should continue to budget based on the taxes that apply today until any proposed changes are approved and implemented.
💰 FOR SELLERS:
If approved, lower future property tax obligations could make homeownership more attractive to prospective buyers and potentially improve affordability. Remember, though, a buyer's future tax bill may be very different from the seller's current tax bill.
📌 ANOTHER IMPORTANT CHANGE:
The proposal would also reduce the annual assessment-increase cap on certain non-homestead properties from 10% to 5%, which could be significant for owners of investment, rental, second-home and certain commercial properties.
These constitutional changes are not yet in effect. Florida voters will have the final say. If approved, the amendment is scheduled to take effect January 1, 2027.
Real estate isn't just about the price of a home—it's about understanding the total cost of ownership and the changes that could affect your next move. Staying informed now can help you make better decisions later. 🏡❤️
Click this link for the official details:
Florida Senate's CS/HJR 1-F information page.
