06/03/2026
Florida just passed a proposed constitutional amendment that could significantly increase the homestead exemption and it’s heading to voters in November 2026.
If approved, eligible homeowners could see major savings on non-school property taxes, making the cost of owning in Florida far more attractive.
Here’s why timing matters: buyers who establish Florida residency by end of 2026 may be positioned to benefit sooner. Those who wait? New Florida residents after that could face a 5-year waiting period before receiving the full expanded exemption.
In supply-constrained markets like Palm Beach and West Palm Beach, when tax savings become widely understood, demand tends to follow, and so do prices.
The smartest move isn’t waiting for the market to price it in. It’s getting ahead of it…. with more inventory options, less competition, earlier residency positioning, and potential long-term tax advantages already working in your favor.
If you’ve been thinking about buying in Florida, this may be the moment to get serious. 🌴
