Florida's Property Tax Amendment: What It Means for Your Home

This November, Florida voters decide on a constitutional amendment that could reshape property tax bills — but not everyone benefits equally.

What It Does

The measure won't eliminate property taxes. It expands the homestead exemption for primary residences:

2027: Exemption rises from $50,000 to $150,000

2028: Rises again to $250,000, then grows with inflation annually

It needs 60% voter approval to pass. One key catch: the expanded exemption only covers non-school taxes (~60% of a typical bill) — school levies stay the same regardless of your home's value.

For Primary Residents

If your home is homesteaded, this is real relief:

Homes assessed at $150,000 (2027) or $250,000 (2028) or less owe no non-school property tax

Above that, expect roughly $1,035 in savings for 2027 and $2,085 for 2028 (using average tax rates — varies by county)

New Florida residents: establish homestead residency after December 31, 2026, and you're capped at the current $50,000 exemption for up to five years before getting the full benefit.

For Second-Home Owners and Investors

The expanded exemption doesn't apply — it's homestead-only. You do get one change: starting 2027, the annual assessment growth cap drops from 10% to 5%, slowing (not cutting) future bill increases.

Bottom Line

Primary residents: growing tax relief starting 2027

Second-home owners: slower assessment growth, no exemption

New residents: watch the Dec. 31, 2026 residency deadline

Talk to a tax professional or your county property appraiser about your specific situation

General information only — not tax or legal advice.

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