Save Our Homes From Excessive Property Taxes
Plain-English Summary
This amendment proposes to significantly cut homestead property taxes across Florida. It would exempt the first $250,000 of a homestead's value from most taxes, with a future plan for full elimination of these taxes, and limit property tax assessment increases on businesses.
What each outcome does
If the amendment passes, long-term Florida homeowners would see a larger homestead exemption, shielding more of their home's value from property taxes (excluding school taxes), resulting in a smaller tax bill starting in 2027. For non-homestead properties, the cap on annual assessment increases would drop from 10% to 5%.
If the amendment fails, the current property tax system would remain in place. Homestead exemptions would not increase, and the existing caps on property tax assessment increases would continue.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.