Florida Property Tax Update: Direct Relief

Designed for Florida residents on or before December 31, 2026, to get the biggest direct relief!

Florida Voters to Decide in November. Florida lawmakers approved a DeSantis-backed property tax amendment for the November 2026 ballot. Here’s what it could mean for homeowners, buyers, and local services.

The Florida Senate said the proposal is designed to direct relief to Florida residents on or before December 31, 2026. Newer residents who establish residency after that date may have to wait before receiving the full benefit. (Florida Senate)

Florida homeowners could see one of the biggest property tax changes in state history if voters approve a new constitutional amendment this November.

This week, Florida lawmakers approved CS/HJR 1-F, “Save our Homes from Excessive Property Taxes,” a Governor Ron DeSantis-backed proposal that would expand homestead property tax relief and place the issue before voters in the November 2026 general election. The measure needs 60% voter approval to become law. (Florida Senate)

What the proposal would do

The plan would increase the homestead exemption on non-school property taxes for primary residences. Reports say the exemption would rise from the current $50,000 to $150,000 in 2027 and then to $250,000 in 2028, if voters approve the amendment. (WKMG)

That means many Florida homeowners could see a major reduction in the county and municipal portion of their tax bill. School taxes would remain protected and would not be eliminated under the measure. (The Wall Street Journal)

Who could benefit most?

The biggest immediate winners would likely be homeowners with lower assessed homestead values, especially families and long-term residents whose primary home falls within the expanded exemption range.

The Florida Senate said the proposal is designed to direct relief to Florida residents on or before December 31, 2026. Newer residents who establish residency after that date may have to wait before receiving the full benefit. (Florida Senate)

What about buyers moving to Florida?

For buyers considering a move to Florida, this could become a major planning issue. If approved, the measure may make primary homeownership more attractive by lowering long-term carrying costs.

However, buyers should not assume the savings are guaranteed. The amendment still has to pass statewide with 60% approval, and individual savings would depend on the home’s assessed value, local millage rates, exemptions, and whether the property qualifies as a homestead.

What are the concerns?

Supporters argue the measure would help homeowners deal with rising costs, especially as property insurance, maintenance, and assessments have increased across Florida.

Critics warn that property taxes fund local services such as police, fire rescue, infrastructure, and other county and city operations. Local governments are concerned about how they would replace lost revenue if the amendment passes. (The Wall Street Journal)

Bottom line for Florida homeowners

The DeSantis property tax plan is now officially a voter issue. Nothing changes immediately, but the November 2026 ballot could determine whether Florida begins a major shift away from local property taxes on primary residences.

For homeowners in Venice, Sarasota County, and across Florida, this is worth watching closely. The proposal could reduce annual ownership costs for many residents, but the final impact will depend on voter approval, local tax rates, and how the state and local governments implement the change.

Disclaimer: This article is for general information only and is not tax or legal advice. Homeowners should consult their county property appraiser or a qualified tax professional for guidance on their specific property.