Florida homeowners may get a major tax break — but there’s a catch for newcomers
Florida lawmakers have passed a constitutional amendment aimed at providing significant property tax relief for homeowners. If approved by voters in November 2026, the homestead exemption could increase from $50,000 to $250,000 over two years. However, newcomers who establish residency after December 31, 2026, will have to wait four years to qualify for the full exemption.
- ▪The proposed amendment could eliminate non-school property taxes for many homeowners in Florida.
- ▪The homestead exemption would increase to $150,000 in 2027 and $250,000 in 2028 if approved.
- ▪Residents must establish primary Florida residency by December 31, 2026, to qualify for the expanded exemption.
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Real Estate Florida homeowners may get a major tax break — but there’s a catch for newcomers By Kristen Altus , Fox Business Published June 3, 2026, 1:08 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Originally Published by: Fleeing for their futures, a California exodus unleashes a Florida 'gold rush' NYC rents hit record highs as Jersey City building boom drives rents down Million-dollar island home up for grabs for free — but there’s a 180-day catch As Americans continue to flee high-tax blue states for lower-tax destinations, Florida lawmakers have just passed what supporters describe as a major win for economic freedom.
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