Overview
- The Special Legislative Session, which begins Monday, is set to consider SJR 2-F and would require 60% approval in both chambers before the proposal can go to voters in November where it must again win 60% support.
- Under the governor’s plan the homestead exemption would increase from the current $50,000 to $150,000 in 2027 and to $250,000 in 2028 while creating a statutory path that could eventually eliminate homestead property taxes.
- The state launched a 'Save Our Homes' website that lets homeowners estimate individual savings under the proposal, but the rollout has been criticized as rushed and short on county-by-county fiscal data.
- A Florida Policy Institute analysis estimates the $250,000 exemption would cut school-district revenue by about $5 billion annually and county revenue by about $4.8 billion, with losses rising sharply if homestead taxes are fully eliminated.
- City leaders in places such as St. Petersburg and Tampa warn essential services and resilience projects could be jeopardized, and analysts say local governments may shift costs to flat non-ad valorem assessments and fees that do not track property value; supporters including Sen. Don Gaetz back the plan while critics flag legal risks such as a five-year residency delay and unspecified state backfill.