Florida’s Proposed 2026 Homestead Tax Change: What Homebuyers Should Know
Florida homeowners and homebuyers may have heard about a proposed change to the state’s homestead exemption.
This is not currently a law. Florida voters are expected to decide on the proposal during the November 2026 election. If approved by the required 60% of voters, the homestead exemption could increase over the next two years.
What could change?
Florida’s current homestead exemption is generally up to $50,000 for qualifying primary residences.
Under the proposed amendment:
- The exemption could increase to $150,000 beginning in 2027.
- It could increase to $250,000 beginning in 2028.
- The additional exemption would primarily apply to county, city, and certain special-district property taxes.
- School-board property taxes would generally continue to apply.
The actual amount a homeowner saves would depend on the property’s assessed value, local tax rates, and the taxing authorities serving the property.
Why are some buyers trying to close before the end of 2026?
Florida property taxes and homestead eligibility are generally based on ownership and residency as of January 1.
A buyer who closes on a home and makes it their permanent Florida residence by January 1, 2027, may be able to apply for the 2027 homestead exemption, assuming all requirements are met.
This is why some buyers are trying to complete their purchase before the end of 2026. However, simply signing a contract or purchasing a home does not automatically guarantee the proposed tax benefit.
The buyer must generally:
- Own the property.
- Occupy it as their permanent residence.
- Surrender any homestead exemption claimed on another property.
- Apply with the county property appraiser.
- Meet all applicable Florida homestead requirements.
The usual application deadline is March 1 of the tax year for which the exemption is requested.
Important reminder
The proposed increase has not been approved yet. It could be approved, rejected, delayed, or changed by voters, the courts, or future legislation.
Buyers should not purchase a home solely because of the proposed exemption. They should also consider the purchase price, mortgage payment, property taxes, homeowners insurance, flood insurance, maintenance costs, and overall affordability.
For questions about a specific property or eligibility, contact the property appraiser’s office in the county where the home is located.
This article is for general educational purposes only and is not legal, tax, or financial advice. Information is current as of September 2026 and may change.
Janalene Hiller
813-722-7653
Starkey Home Group | Real Broker, LLC
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