Homestead Tax Exemptions, Property Assessments, and Spending Restrictions Amendment
Sponsor: Florida Legislature (passed 2026-06-02)
In plain English
This would sharply cut the taxable value of primary homes for city/county (non-school) property taxes — exempting the first $150,000 of assessed value in 2027 and $250,000 from 2028 — and slow how fast assessments on rentals, second homes, and commercial property can rise (5%/yr instead of 10%/yr). It also limits what local governments may spend property-tax money on. School taxes are unchanged.
Official ballot summary
Expands the homestead exemption for non-school property taxes to the first $150,000 of assessed value beginning January 1, 2027, rising to $250,000 beginning January 1, 2028 with inflation adjustments from 2029; lowers the annual assessment-increase cap on non-homestead property from 10% to 5%; and restricts how local governments may spend property-tax revenue (e.g. public safety and infrastructure categories). Does not apply to school-district levies.
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