Overview
- Lawmakers approved HJR 1‑F and voted to place the constitutional amendment on the Nov. 3, 2026 ballot, with final legislative passage occurring Tuesday during a special session.
- The plan phases the homestead exemption to $150,000 on Jan. 1, 2027 and $250,000 on Jan. 1, 2028 while excluding school levies from the expanded break.
- House staff and multiple analysts estimate annual losses to non‑school local revenue in the billions, with reported ranges roughly between $4.6 billion and $8.4 billion per year.
- The amendment lowers the assessment cap on many non‑homestead properties from 10% to 5%, adds residency and portability rules for homeowners, and directs the Legislature to create a path toward fuller reductions of homestead taxes.
- Local leaders and groups such as the Florida Association of Counties warn the shortfalls could force service cuts, higher fees, consolidation or greater state involvement and signal an intense statewide campaign this summer and fall.