Florida homeowners may soon face one of the biggest tax changes in the state’s history. A proposed constitutional amendment backed by Governor Ron DeSantis would dramatically increase the state’s homestead exemption and put Florida on a path toward eliminating most property taxes on primary residences.
For homeowners struggling with rising housing costs, the proposal sounds like a dream come true. A larger exemption could slash annual tax bills and, for some homeowners, eliminate much of their non-school property tax burden altogether. Supporters call it long-overdue relief, while critics worry about how cities and counties would replace the lost revenue. Either way, the proposal has sparked conversations across Florida, and many residents want to know exactly how it would work if voters approve it.
