Florida Amendment Could Slash Property Taxes – Will It Pass?

A proposed Florida amendment could significantly reduce property taxes for homeowners.

State Sen. Blaise Ingoglia (R-11) introduced the measure (SJR 1016) to raise the property tax exemption from $25,000 to $75,000, eliminating non-school tax exemptions for properties valued between $50,000 and $75,000. Ingoglia argues the move would provide much-needed relief amid rising housing costs.

If approved by lawmakers and Gov. Ron DeSantis, the amendment would go before voters in the 2026 General Election, requiring 60% approval to pass. If successful, it would take effect on January 1, 2027.

Meanwhile, another proposal, SB 852, calls for a study on eliminating property taxes entirely, replacing lost revenue with alternative funding sources. Gov. DeSantis has voiced support for tax cuts, aiming to work with legislators before his term ends in 2027.

Reducing property taxes could lower costs for homeowners but would impact funding for essential services like schools and emergency response. If approved, officials would need to find alternative revenue sources or cut spending.

The future of tax relief is uncertain, but Florida voters may ultimately decide.