06/03/2026
BIG NEWS for Florida’s upcoming Real Estate market… ⬇️
Florida lawmakers voted to put a property tax elimination plan before voters this November as a proposed constitutional amendment.
The measure passed 75-26 in the House and 30-9 in the Senate.
Under the proposal:
🟢 Property taxes that fund public schools would remain in place.
🟢 Local offices such as clerks of court and supervisors of elections would continue receiving funding through property taxes.
🟢 The homestead exemption would increase from $50,000 to $150,000 in 2027 and then to $250,000 in 2028.
🟢 Lawmakers would be required to develop a path toward raising the exemption to $500,000 and beyond.
The amendment would need approval from at least 60% of voters to be added to the Florida Constitution.
Would you support this plan? Why or why not? Let’s talk about it…