Miami Fort Lauderdale, FL, June 2, 2026 —

Florida Voters to Decide on Property Tax Exemption Expansion

Florida voters will have the opportunity in November to decide on a constitutional amendment that could significantly expand the state’s homestead property tax exemption. The proposal, approved by state lawmakers during a special legislative session, aims to reduce property tax bills for homeowners.

If approved by voters, the amendment would gradually increase the homestead exemption from its current $50,000 to $150,000 in 2027, followed by an increase to $250,000 in 2028. This expansion would apply to primary residences, with the exclusion of school district levies.

While the measure is intended to provide tax relief to homeowners, it has raised concerns among local government officials regarding potential revenue losses. Some officials worry that the reduction in property tax revenue could lead to a shift in tax burdens onto non-homesteaded properties, which could affect renters and businesses. In Miami-Dade County, where property taxes form a substantial part of the budget, a projected annual revenue reduction of $340 million could impact the funding of essential services.

Story summarized from the original created by Miami Wire Staff 2 on miamiwire.com, see more information here.

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