TALLAHASSEE, Fla. (WCTV/Gray Florida Capital Bureau) – After months of rumors, Florida Governor Ron DeSantis unveiled his proposed property tax plan in Tampa on Wednesday.
Under his plan, which needs to be approved by the legislature and by voters, 60% of homeowners would no longer by property tax right away.
That’s because those with homestead exemptions on their homes wouldn’t have to pay any property tax if their home is worth less than $250,000.
Over a schedule set by the legislature, 92% of homeowners eventually wouldn’t pay property tax at all, as that homestead exemption rises to an unlimited amount.
The governor’s proposal will begin with an “initial raising” of the homestead exemption to $250,000 for “all Florida homesteaders.”
Then the legislature will put in place a schedule to “eliminate” the homestead limit.
— Matt Hoffmann (@ByMattHoffmann) May 27, 2026
To prevent local governments from raising taxes on what the governor called “small businesses,” cities and counties would be prevented from raising their property taxes more than 5%.
“If some billionaire from Brazil is buying something, tax em, I’m looking out of Floridians,” DeSantis said.
This is a developing story. Please check back later for updates.
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