Florida Property Tax Amendment Targets Homestead Exemption

A proposed constitutional amendment on the November 2024 Florida ballot would raise the state’s homestead property‑tax exemption to as much as $150,000 for school taxes and $250,000 for non‑school taxes. Residents who establish permanent Florida domicile by Dec. 31 2026 would qualify for the full increase immediately, while those moving in 2027 or later would receive a smaller exemption that phases in over five years.

Polls in the weeks before the election showed strong support—64% overall, with 87% of Republicans, 62% of independents and 64% of renters—yet a similar 2024 marijuana amendment fell short of expectations, winning only 56% of the vote. Analysts note that questions about potential cuts to local‑government services could lower backing for the tax proposal as Election Day approaches.