06/05/2026
If you're planning to make Florida your primary place of residence there are some beneficial tax eliminations on the horizon. This will happen in stages and the breakdown is below. ⬇️
If this passes in November it will change the game in the Florida real estate market. Mark my words, buyers will flood the market. Call your girl to stay ahead of the real estate rush! 📲
If the constitutional amendment is approved by a supermajority of voters in November 2026, the tax relief would be implemented in stages:
January 1, 2027: The homestead exemption for primary residences would increase from $50,000 to $150,000.
January 1, 2028: The exemption would increase further to $250,000.
Post-2028: The Florida Legislature would be required to establish a schedule for the full elimination of property taxes on primary homesteads.
Key Provisions and Limitations
Education Funding: Lawmakers amended the original proposal to ensure that property taxes funding public K-12 schools remain in place.
Primary Residences Only: The exemptions apply exclusively to homestead properties; vacation homes, rental properties, and commercial real estate would remain subject to current tax rules.
Residency Requirements: New residents moving to Florida after January 1, 2027, would only receive a $50,000 exemption for their first five years before becoming eligible for the higher amounts.
Assessment Caps: The proposal lowers the annual assessment increase cap for non-homestead properties (like small businesses) from 10% to %5.
