10/16/2026
If Florida’s homestead exemption bill passes in November there is a deadline people need to know about right now.
To take advantage of the exemption you need to be established as a Florida resident by the end of 2026. If you are not a resident before that deadline you could be waiting five years to access those savings.
And the savings are significant. The exemption starts at $150,000 the first year and increases to $250,000 after that. If you are buying a first home or retirement home priced around $350,000 you could be looking at $250,000 in exemptions. That is a substantial reduction in your property tax bill.
Here is what Angie Richison expects to happen if this passes: rents in Florida are going to spike in November and December. The fastest way to establish residency is to rent, get your utilities signed up, register your car in Florida, and declare residency before year end. You do not have to have a home purchased yet. You just have to be a resident.
If this applies to your timeline do not wait to see how the vote goes. Start planning now.
Angie Richison, Gulf Coast real estate.