Homeowners would pay no non-school property tax on the first $150,000 of the home they live in starting in 2027, and $250,000 in 2028, up from about $50,000 today. The school part of their bill stays the same. Counties and cities could also choose to offer larger exemptions, and special districts could with voter approval.
A Yes vote
A No vote
Proposal impacts
Impact on Florida resident homeowners
Their bill would have no city or county tax on $150,000 of the home they live in. That rises to $250,000 the next year.
Today, their bill leaves about $50,000 of the home they live in untaxed for city and county.
Impact on Neighborhood residents
City and county budgets would collect less property tax money for residents' services. The measure names no specific service cuts.
City and county budgets today use property tax revenue for valid public purposes under their regular budgeting rules.
Impact on Other property owners
Their tax bill would use a building value growing at most 5% yearly for city and county.
Today, their tax bill uses a building value growing at most 10% yearly for city and county.
Impact on New Florida homebuyers
A new resident's property tax bill would start with a smaller city and county break. The full break begins in year five.
A new resident's property tax bill today reflects the same city and county break as longtime residents. No residency wait applies.
Impact on renters
Rental households would get no tax cut while longtime homeowners would receive a larger city and county break.
Rental households get no homeowner break today, while owners already receive a city and county tax break.
