Florida's proposed homestead exemption rises to $150,000 in 2027 and $250,000 in 2028. To capture it, you generally need to establish primary Florida residency by December 31, 2026. Establish residency one day later and reporting on the legislative summary says you wait five years for the full benefit. Enter your situation and see exactly where your date lands.
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Florida lawmakers placed a property tax amendment on the November 3, 2026 ballot. If voters approve it, the homestead exemption rises from today's $50,000 to $150,000 on January 1, 2027, and to $250,000 on January 1, 2028, for owners who already hold a Florida homestead or who establish residency on or before December 31, 2026 (GrayRobinson summary of HJR 1F; Fox Business).
The catch is for people who arrive later. Reporting on the legislative summary indicates that a homeowner who establishes Florida residency after December 31, 2026 receives only the existing $50,000 exemption for their first five years, and qualifies for the full expanded exemption after five years of residency (Live South Florida Realty on HJR 1F). So a buyer who establishes residency and files homestead by the end of 2026 gets $150,000 exempt in 2027 and $250,000 in 2028. A buyer who files on January 1, 2027 or later could wait until roughly 2032 for the same break. The home is the same. The date is the difference.
You tell it where you stand and when you will establish residency and file homestead. If that date is on or before December 31, 2026, it places you on the existing-resident track and applies the $150,000 and $250,000 schedule. If it is January 1, 2027 or later, it places you on the five-year waiting track, holds you at $50,000, and shows the year the full exemption would begin. The optional value and millage inputs estimate the annual non-school tax difference between the two tracks, so you can see the size of what is at stake. The expanded exemption applies to non-school taxes, which is why the tool asks for your non-school millage rather than your full rate.
Your real savings depend on your county's exact non-school millage, your assessed value, and the final rules if the amendment passes. The tool uses the rate you enter against the exemption increase, which is the honest way to size it without pretending to know your county to the dollar. Pull your exact non-school millage from your county property tax page, and use the Save Our Homes estimator and the true cost of ownership calculator to see the full monthly picture.
The expanded exemption is a proposed amendment. It requires 60 percent voter approval on November 3, 2026, and the ballot summary language drew a lawsuit in June 2026 that was pending as of this writing (WUSF). Plan around the deadline if it matters to you, but do not treat the benefit as guaranteed. Confirm the residency rules and the homestead filing process with your county property appraiser and a tax professional before making a move decision.
Disclaimer: This tool is an educational estimate based on the inputs you provide and on public reporting of the proposed amendment (HJR 1F), which is contingent on voter approval on November 3, 2026. It is not tax or legal advice, and the residency cutoff and five-year waiting period should be confirmed against the final amendment text and with your county property appraiser. The annual tax difference uses the non-school millage you enter and does not reflect your actual bill. Momentum Realty is a licensed real estate brokerage, not a tax advisor or law firm.
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