What is it?
A proposed constitutional amendment that would increase Florida’s homestead exemption and modify property tax rules.
Is it law yet?
No. Florida voters must approve it on November 3, 2026.
Will property taxes be eliminated?
No. School taxes and other local taxes would still apply.
When would changes begin?
January 1, 2027, but requires 60% of voter approval on November 3, 2026.
Who may benefit?
Primary homeowners who file for the homestead exemption. Second-home owners, rental property owners, and certain commercial property owners may also see a benefit.
The Florida Property Tax Bill 2026 is generating significant attention among homeowners across the state. Officially known as House Joint Resolution 1-F (HJR 1-F) and unofficially known as the No Property Tax bill, the proposal would increase Florida’s homestead exemption, reduce assessment caps on certain non-homestead properties, and potentially lower property tax bills for many property owners if approved by voters in November 2026.
Property taxes are among the highest ongoing costs of homeownership. Many Floridians are asking how the proposal works, who qualifies, and whether it will actually reduce their tax bills.
The purpose of this guide is to explain the facts, clarify common misconceptions, and help Florida homeowners understand what is being proposed before heading to the ballot box in November.
The Florida Property Tax Bill 2026 refers to House Joint Resolution 1-F, a constitutional amendment approved by the Florida Legislature on June 2, 2026, during the Special Session.
Unlike a typical law passed by the Legislature, constitutional amendments require voter approval before taking effect. Under Florida law, at least 60% of voters must approve the amendment for it to become part of the Florida Constitution.
If approved, the amendment would:
Yes.
The term “Florida Property Tax Bill 2026” is commonly used to refer to House Joint Resolution 1-F (HJR 1-F).
While most homeowners are likely to search for information about Florida property tax changes, homestead exemptions, or property tax relief, HJR 1-F is the official legislative name of the proposal.
No.
The proposal has been approved by the Florida Legislature, but it has not been approved by Florida voters. The amendment will appear on the statewide ballot on November 3, 2026 and requires 60% voter approval before it takes effect on January 1, 2027.
If voters reject the amendment, Florida’s current property tax system will remain unchanged.
To understand the proposed changes, it helps to understand Florida’s current homestead exemption system.
Today, qualifying homeowners may receive 2 different homestead exemptions:
Together, many Florida homeowners currently receive up to $50,000 in homestead exemption benefits.
Florida homeowners also benefit from the Save Our Homes assessment limitation, which generally limits annual increases in assessed value to the lesser of:
This protection helps prevent taxable values from rising as quickly as market values.
The proposed amendment would make several significant changes to Florida’s property tax structure.
If approved, the largest component of the proposal is a substantial increase in the homestead exemption. Below is a breakdown of the progression of homestead exemptions:
Beginning January 1, 2027
Eligible homeowners could receive a total homestead exemption of up to $150,000 for applicable non-school property taxes.
Beginning January 1, 2028
The exemption would increase to $250,000 for applicable non-school property taxes.
Future Years
The exemption amount would be adjusted based on inflation. This is an important and smart addition to the homestead exemption. The first $25,000 exemption was established in 1980. The second $25,000 exemption came into effect in 2008. A $50,000 exemption in 2008 equates to $77,337 in 2026.
Importantly, these expanded exemptions would only apply to non-school property taxes. School district taxes would continue to be assessed under existing rules.
No. This is one of the most common misconceptions. Florida is not eliminating all property taxes.
If approved, under the Florida Property Tax Bill 2026, homeowners would still pay:
The amendment is designed to reduce taxable value for qualifying properties, not eliminate taxation entirely.
The proposal includes a residency requirement tied to the expanded exemption. Under HJR 1-F, homeowners must establish Florida residency on or before December 31, 2026, to qualify immediately for the enhanced exemption benefits.
Additional implementation details would be administered through Florida law if the amendment is approved.
Homeowners should continue monitoring guidance from local Property Appraiser offices for future updates.
The Florida Property Tax Bill 2026 also proposes changes for many non-homestead properties. Currently, Florida limits annual assessment increases for many non-homestead properties to 10% per year.
Examples include:
Under the proposed amendment, that annual assessment cap would be reduced from 10% to 5% beginning in 2027.
This could slow the growth of taxable values for qualifying non-homestead properties over time.
Also included in the amendment are provisions addressing the use of certain local property tax revenues.
The language generally directs counties and municipalities to use property tax revenues for core governmental functions such as:
The amendment itself does not eliminate local government funding. However, because expanded exemptions reduce taxable value, discussions have focused on how local governments may adapt if property tax revenues decline.
Because voters have not yet approved the amendment, the long-term fiscal impact remains uncertain.
June 2026: Florida Legislature approves HJR 1-F and places the amendment on the ballot.
November 3, 2026: Florida voters decide whether to approve the amendment.
January 1, 2027: The first phase of the expanded homestead exemption would begin if approved.
January 1, 2028: The second phase of the exemption increase would take effect.
The Florida Property Tax Bill 2026 refers to House Joint Resolution 1-F, a proposed constitutional amendment that would decrease property taxes by increasing Florida’s homestead exemption and modifying property tax rules.
No. Florida voters must approve the amendment before any changes can take effect.
The amendment is scheduled to appear on the November 3, 2026, statewide ballot.
No. School taxes would still apply. The exemptions from the assessed value will decrease over time
Not necessarily. Eligibility depends on homestead status and meeting the requirements established under the amendment.
Potentially. The amendment proposes reducing the annual assessment cap for many non-homestead properties from 10% to 5%.
Potentially. Certain second homes may benefit from the reduced assessment cap depending on property classification.
Savings would vary depending on:
There is no single savings amount that applies to all homeowners.
Florida’s current property tax system would remain in place.
Homeowners can review information from:
The Florida Property Tax Bill 2026 represents one of the most significant proposed property tax changes in recent Florida history. While the amendment could provide additional tax relief for many homeowners and property owners, the proposal has not yet been approved by voters.
For now, homeowners should understand that no changes have taken effect. The next major step will occur on November 3, 2026, when Florida voters decide whether to make HJR 1-F part of the Florida Constitution.
As additional details become available, The Tenpenny Collection will keep you informed. You can subscribe to our newsletter at the bottom of this page. If you are interested in discussing your tax portability and how the new law will impact your property taxes, contact us now.