A big step in the right direction and great news for homeowners!
Florida lawmakers have approved a proposed constitutional amendment aimed at providing major property tax relief for homeowners.
What: Increase Florida’s homestead exemption from $50,000 to $150,000 in 2027 and $250,000 in 2028 for non-school property taxes. The proposal also lowers the annual assessment cap on many non-homestead properties from 10% to 5%.
When: The measure was passed by the Florida Legislature in the beginning of June 2026 and will appear on the November 2026 ballot.
Who: Applies primarily to homeowners with a Florida homestead exemption.
Impact: If approved by at least 60% of voters, many homeowners could see significant reductions in their property tax bills beginning in 2027.
Next Step: Florida voters will decide the amendment’s fate in the November 2026 general election.