Overview
- The Legislature approved the final package and Governor Ron DeSantis signed it, which sends the amendment to the November 3, 2026 general election where it must win 60% to take effect.
- If voters approve the amendment the homestead exemption for a primary residence will rise from $50,000 now to $150,000 in 2027 and to $250,000 in 2028.
- Lawmakers stripped a proposed state trust fund that would have reimbursed local governments and removed a state‑funded voter outreach program, while keeping school tax levies outside the change.
- Official estimates project multi‑billion dollar shortfalls for non‑school local governments, with House figures showing initial annual losses of about $4.6 billion rising toward $8.4 billion and the Florida Association of Counties estimating $3.6 billion to $6.4 billion across two budget years.
- The ballot language frames the measure as establishing a mechanism rather than an automatic tax elimination, it lowers the annual valuation cap for non‑homestead properties from 10% to 5%, and those drafting differences raise legal and implementation questions that could affect services, local budgets, and who ultimately benefits.