FL Property Tax Update - Info Update

You've probably seen the headline — 'Florida is eliminating property taxes.' Let's separate the hype from what's real. No law has changed your tax bill yet. The Save Our Homes amendment passed the Legislature — but it still needs 60 percent of voters to approve it this November. So here's what it actually does. Here's exactly where it stands: DeSantis's special-session plan cleared the House and Senate on June 2nd. Next stop is the November 2026 ballot — that's where we are right now. Voters need a 60 percent supermajority, and only then does it become law and your bill change. So what's on the table? Today the homestead break is about fifty-one thousand dollars. The proposal raises the non-school exemption to a hundred fifty thousand in 2027 and up to two hundred fifty thousand in 2028 — nearly five times today's break, then inflation-indexed after. The stated goal: roughly 60 percent of homesteaded owners paying zero non-school property tax. But here's the part to keep straight. This only touches the non-school part of your bill — roughly sixty-two percent. The school portion, about thirty-eight percent, is untouched. So even if the non-school part went to zero, your bill doesn't vanish — the school taxes stay. And the existing twenty-five-thousand-dollar school exemption doesn't change. Now the one date buyers and anyone relocating need to circle: December 31st, 2026. Maintain permanent Florida residency by then and you're in line for the full exemption. Become a resident after January 1st, 2027, and you're capped at fifty thousand for five years. Same house — the neighbor who established residency a few months earlier could pay meaningfully less for years. If Florida's in your plans, the calendar now matters as much as the rate. Two more: the non-homestead assessment cap drops from ten to five percent in 2027, and Save-Our-Homes portability goes up to five hundred thousand dollars. Now here's where I want your help thinking it through. To pay for this, the state's own estimates say local governments could lose more than four-point-six billion dollars the first year — with no built-in guarantee that police, fire, roads, parks, and schools stay funded at today's levels. That's the real open question. So tell me in the comments: what's your biggest concern, or your biggest hope, about that funding side? I'm not asking how you'll vote — I genuinely want to know what matters most to you, because it affects all of us. Drop it below and let's talk it through. Bottom line: if you already own your Florida home, make sure your homestead exemption is filed and current. Buying or relocating? Let's map your timeline against that December 31st date — a pre-approval is free and it puts you in control. Call or text me at 954-806-5114, or grab the full breakdown at themortgage.expert. I'm Todd Hanley — I'll keep you posted as this heads to the ballot.