FloridaWould cap property assessment growth and raise homestead exemption
Changes could lower many homeowners' property taxes while reducing local governments' revenue flexibility for services and budgeting.
What it does
Raises the homestead exemption for levies other than school district levies to $150,000 on Jan 1, 2027 and to $250,000 on Jan 1, 2028.
Keeps homestead annual assessment increases capped at the lower of 3% or the prior year's CPI change.
Establishes assessment caps for other real property that are 10% before Jan 1, 2027 and 5% beginning Jan 1, 2027.
Limits county and municipal ad valorem tax revenue to specified core uses such as public safety, education, infrastructure, and natural resources.
Argument forReduces property tax bills for many homeowners by exempting up to $250,000 of homestead value from levies other than school taxes, directly lowering taxable value for those homeowners.
Argument againstReduced taxable value for homesteads could shrink local non-school revenue, pressuring counties and cities to cut services or raise fees to cover other priorities.
Where do you stand?
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 16Signed by Officers and filed with Secretary of StateLatest
- Jun 2Ordered enrolledMinor
- Vote recorded Third Reading. Result: pass.Upper
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Vote recorded A - 679555, Adoption, Second Reading. Result: fail.Lower
- Vote recorded A - 060165, Adoption, Second Reading. Result: fail.Lower
- Vote recorded A - 516895, Adoption, Second Reading. Result: fail.Lower
- Vote recorded A - 969759, Adoption, Second Reading. Result: fail.Lower
- Jun 2In Messages
- Jun 2CS passed; YEAS 30 NAYS 9Passed 2nd Chamber
- Jun 2Read 3rd timeMinor
- Jun 2Read 2nd timeMinor
- Jun 2ReceivedMinor
- Jun 2Substituted for CS/SJR 2-F
- Jun 2Placed on Calendar, on 2nd reading
- Jun 2Withdrawn from AppropriationsMajor
- Jun 2Referred to AppropriationsMinor
- Jun 2In Messages
- Jun 2CS passed; YEAS 75, NAYS 26Passed 1st Chamber
- Jun 2Read 3rd timeMinor
- Jun 2Added to Third Reading Calendar
- Jun 2Amendment 679555 Failed
- Jun 2Amendment 060165 Failed
- Jun 2Amendment 516895 Failed
- Jun 2Amendment 976107 Failed
- Jun 2Amendment 969759 Failed
- Jun 2Read 2nd timeMinor
- Jun 11st Reading (Committee Substitute 1)Minor
- Jun 11st Reading (Original Filed Version)Minor
- Jun 1Bill added to Special Order Calendar (6/2/2026)
- Jun 1Bill referred to House Calendar
- Jun 1CS FiledMinor
- Jun 1Laid on Table under Rule 7.18(a)Minor
- Jun 1Reported out of State Affairs Committee
- Jun 1Favorable with CS by State Affairs CommitteeMinor
- Jun 1Added to State Affairs Committee agenda
- Jun 1Now in State Affairs Committee
- Jun 1Referred to State Affairs CommitteeMinor
- Jun 1FiledIntroduced
Taxes & BudgetGovernment & EthicsPublic Safety