Florida Property Tax Relief Proposal: What Homeowners Need to Know (Updated June 2026)

Latest Update: (June 2026)

Additional details have emerged regarding eligibility for the proposed expanded homestead exemption.

Under the proposal currently approved by Florida lawmakers, homeowners who establish Florida residency and qualify for a homestead exemption on or before December 31, 2026, would be eligible for the expanded exemption if the amendment is approved by voters.

Under the current proposal, homeowners who establish Florida residency after December 31, 2026, would generally be required to wait four years before becoming eligible for the full expanded exemption.

Because the proposal has not yet been approved by voters and implementation details could change before taking effect, homeowners and prospective Florida residents should continue monitoring updates as additional information becomes available.

As a reminder, the amendment is scheduled to appear on the November 2026 ballot and would require at least 60% voter approval to pass.

Original Article: (June 2026)

Florida lawmakers have approved a proposed constitutional amendment that will appear on the November 2026 ballot. If approved by at least 60% of Florida voters, the measure would significantly expand Florida's homestead exemption and reduce property taxes for many homeowners beginning in 2027.

As currently proposed:

• The homestead exemption would increase from $50,000 to $150,000 in 2027.
• The exemption would increase again to $250,000 in 2028.
• The expanded exemption would apply to non-school property taxes.
• School district property taxes would continue to be assessed under the current structure.
• Additional future reductions could be considered by the Legislature if voters approve the amendment.

This proposal is still subject to voter approval and no changes will occur unless the amendment passes in November 2026.

What Is Being Proposed?

For decades, Florida homeowners have benefited from the state's homestead exemption and Save Our Homes protections, which help reduce taxable value on primary residences.

The newly approved amendment would dramatically expand those exemptions.

Under the proposal, homeowners with a qualifying homestead exemption would receive substantially larger reductions in taxable value than they do today.

For example:

• Current homestead exemption: $50,000
• Proposed exemption beginning in 2027: $150,000
• Proposed exemption beginning in 2028: $250,000

For some homeowners, this could significantly reduce annual property tax bills. For others, the savings would depend on assessed value, local tax rates, and other exemptions already in place.

Is Florida Eliminating Property Taxes?

Not at this time.

One of the biggest misconceptions surrounding the proposal is that Florida is voting to completely eliminate property taxes.

That is not what voters are currently being asked to approve.

The amendment approved by lawmakers would expand homestead exemptions and reduce property taxes for many homeowners. It does not eliminate school district property taxes, and it does not immediately eliminate all property taxes on homesteaded properties.

Supporters, including Governor Ron DeSantis, have discussed longer-term goals of eventually eliminating taxes on homestead properties. However, those future changes would require additional legislative action and are not part of the immediate tax changes voters will decide on in November 2026.

Who Could Benefit?

Generally speaking, homeowners with a Florida homestead exemption could see the greatest benefit.

Potential beneficiaries may include:

• Long-term Florida homeowners
• Retirees living in homesteaded properties
• Families in primary residences
• Owners of homes with increasing assessed values

The actual savings would vary considerably based on:

• Property value
• Assessed value
• Local millage rates
• Existing exemptions
• Future legislative implementation

Because every property is different, homeowners should be cautious about relying on generalized savings estimates.

What Are the Concerns?

Supporters argue that rising property values have increased property tax burdens for many homeowners and that additional relief is needed.

Critics argue that property taxes help fund important local services such as:

• Police departments
• Fire rescue services
• Infrastructure
• Parks
• Local government operations

Some local officials and policy groups have expressed concerns about how reduced property tax revenue could affect local government budgets in the future.

At this stage, there is still significant debate about how expanded exemptions could impact local revenues over time.

What Could This Mean for Jacksonville Beach Homeowners?

For homeowners in Jacksonville Beach and throughout Northeast Florida, the proposal could result in meaningful property tax savings if approved.

However, the impact would vary significantly from property to property.

Factors that may influence the outcome include:

• Whether the property qualifies for homestead exemption
• Current assessed value
• Existing exemptions
• Future local tax rates

As more information becomes available, we will continue updating this article with Jacksonville-area examples and practical scenarios for local homeowners.

Frequently Asked Questions

When will Florida voters decide?

The proposed constitutional amendment is expected to appear on the November 2026 ballot.

Does the amendment automatically pass?

No. Constitutional amendments in Florida generally require at least 60% voter approval.

Would this eliminate all property taxes?

No. The proposal approved by lawmakers would expand homestead exemptions but does not eliminate all property taxes.

Does this affect rental properties or second homes?

The proposal primarily focuses on homestead properties. Non-homestead properties would be affected differently under the legislation.

When would changes take effect?

If approved, the expanded homestead exemptions would begin in 2027, with additional increases proposed for 2028.

Future Updates

This article will be updated as new information becomes available.

Upcoming topics we plan to cover:

• Sample tax savings scenarios
• Jacksonville Beach homeowner examples
• Frequently asked voter questions
• Economic impact studies
• Ballot language updates
• Election results and implementation timelines

Last Updated: June 2026