Florida Governor Wants To Lower Property Taxes

Posted: May 30, 2026 | Source: www.theorlandoreal.com

A constitutional proposal that would give the homestead exemption a historic boost will be considered by Florida lawmakers for the November election. DeSantis proposed an amendment that would increase the homestead exemption from $50,000 to $250,000. About 60% of homeowners in the state with homesteaded properties would be exempt from property taxes under the proposed legislation. An additional requirement in the proposal would schedule the homestead exemption to eventually increase to $500,000. According to DeSantis, “92% of all Florida residents would be tax-free when you raise to a $500,000 limit.”