FLORIDA REAL ESTATE UPDATE

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Florida's Proposed Homestead Exemption Increase: What Homeowners Need to Know

Brady Webb
June 7, 2026

If you own a home in Florida, lawmakers have just approved one of the most significant property tax relief proposals in state history.

The proposal could dramatically increase Florida's Homestead Exemption and potentially save homeowners hundreds—or even thousands—of dollars per year in property taxes.

Before you get too excited, there's one important detail:

This is not law yet.

Florida voters will have the final say in November 2026.

What Is Florida's Homestead Exemption?

Florida's Homestead Exemption reduces the taxable value of your primary residence, helping lower your annual property tax bill.

Currently, eligible Florida homeowners can receive up to a $50,000 Homestead Exemption, although portions of that exemption apply differently to school and non-school taxes.

For years, the Homestead Exemption has been one of the biggest financial benefits available to Florida homeowners.

Now lawmakers want to expand it significantly.

What Is Being Proposed?

Under the constitutional amendment approved by the Florida Legislature:

January 1, 2027

The Homestead Exemption would increase from:

$50,000 → $150,000

January 1, 2028

The exemption would increase again to:

$250,000

The expanded exemption would apply to many non-school property taxes, potentially reducing the property tax burden substantially for qualifying homeowners.

What Could This Mean for Florida Homeowners?

If approved by voters, homeowners could see:

With homeowners already facing higher insurance premiums, HOA fees, maintenance costs, and rising homeownership expenses, supporters argue that additional tax relief could provide meaningful financial relief.

Who Would Benefit?

The proposal is designed for Florida homeowners who qualify for the Homestead Exemption on their primary residence.

Supporters believe the measure could be especially beneficial for:

However, the proposal would not eliminate school taxes, which would continue to be assessed separately.

Are There Any Concerns?

As with any major tax proposal, there are differing opinions. Supporters believe homeowners deserve relief after years of rising property values and increasing ownership costs.

Critics worry that reducing property tax revenue could create funding challenges for local governments, potentially impacting services such as:

These concerns will likely be a major part of the public discussion leading up to the November 2026 vote.

What Happens Next?

The proposed constitutional amendment will appear on the November 2026 statewide ballot.

For the measure to pass, it must receive at least 60% voter approval, which is required for constitutional amendments in Florida.

If approved:

What This Means for Homebuyers

Property taxes are one of the most overlooked costs when purchasing a home.

While buyers often focus on:

Property taxes can have a significant impact on your monthly payment and long-term affordability.

If this proposal is approved, it could improve affordability for many Florida homeowners and make homeownership even more attractive throughout the state.

Thinking About Buying a Home in Florida?

Whether you're buying your first home, relocating to Florida, or exploring your financing options, understanding property taxes is an important part of the process.

At American Mortgage Solutions, we help buyers understand the complete cost of homeownership—including taxes, insurance, HOA fees, and financing options—so there are no surprises after closing.

Have questions about buying a home in Florida? We're here to help.

📞 Contact Brady Webb

🌴 American Mortgage Solutions

📍 Cape Coral, FL: (239) 766-8344

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These materials are not from HUD, FHA, the USDA, or the VA. These materials were not approved by any government agency. They are independent of any government agency. We are not in any way affiliated with any organization listed or referenced within this website, including HUD/FHA/USDA/VA. The inclusion of various education, information, web links, or materials are not an endorsement of the Sender or any of its employees or business partners. For information directly from HUD/FHA, visit https://www.hud.gov/guidance For information directly from the VA, visit http://www.benefits.va.gov/HOMELOANS/ For information directly from the USDA, visit http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS