UPDATED june 2025
Property Tax Reform in Florida
The Governor, Speaker of the House of Representatives and the Senate President are considering significant property tax reform in 2026. Although no reform passed in the 2025 legislative session, the House created a Select Committee on Property Taxes, which has already met two times and will continue to gather information about the sources and uses of property tax revenue. In addition, the legislature passed a bill directing the Office of Economic and Demographic Research to conduct a study and establish a framework to reduce or eliminate property taxes for homestead property. Some of the initial proposals before the House Select Committee were local referenda to eliminate homestead property taxes, increasing the current homestead exemption to $500,000 on non-school taxes, with a further increase to $1 million for seniors or long-term residents, as well as lowering the cap on annual assessment increases. Many of these ideas would require constitutional amendments which could be on the ballot as early as the fall of 2026.
Julie M. Schwartz, Esq.
Rennert Vogel Mandler & Rodriguez, P.A.
American Property Tax Counsel (APTC)
