TALLAHASSEE, Fla. — Both chambers of the Florida Legislature have approved the constitutional amendment to expand the homestead exemption, sending the bill up to the voters to decide in November.
Tampa Bay 28 reporter Forrest Saunders said lawmakers approved House Joint Resolution (HJR) 1-F on Tuesday.
On Monday, Florida lawmakers returned to the Capitol for a three-day special session on property taxes.
The proposal would create a new $150,000 homestead exemption in 2027 and raise it to $250,000 in 2028 for homeowners who establish permanent Florida residency by the end of 2026. The exemption would then increase with inflation. Lawmakers would also be directed to establish a process allowing counties, municipalities and school districts to expand the exemption further, potentially eliminating homestead property taxes entirely.
If passed by Florida voters, homeowners will have access to a $150,000 homestead exemption beginning on January 2027.
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