A new poll shows that Florida could have enough support to pass a constitutional amendment that would cut taxes on homestead properties.

Sachs Media, a public affairs and strategic communications firm, surveyed 850 Floridians and found that 64% of voters supported the “Save Our Homes From Excessive Property Taxes” amendment.

The Florida Legislature passed the Gov. Ron DeSantis-backed property tax cut proposal on June 2 after scaling it down to exclude school district levies.

The final version of the measure would impose a $150,000 homestead tax exemption in 2027. The exemption would increase and cap at $250,000 in 2028, though lawmakers have signaled intent to continue increasing the exemption to $500,000 through other measures.

Here’s a look at voter sentiment around the measure, according to the survey.

Florida property tax cut support is partisan

Support for the amendment was divided along party lines. Republicans heavily favored the proposal at 87%, compared with independents and Democrats at 62% and 35%, respectively.

Most Floridians don’t expect a property tax cut to impact values

When asked how passage of the property tax cut amendment would impact home values, 54% of respondents believed it would have no impact. Only 12% thought home values would decrease, and the remaining 33% expected to see increases.

In an interview with WUSF, Realtor.com senior economist Joel Berner said that lowering home ownership expenses generally increases home values. He estimated that fully removing property taxes could increase values by 7% to 9% immediately, while exempting school levies would increase them by 4%.

Homeowners and renters support property tax cuts in equal measure

The Sachs Media poll found that 65% of homeowners supported property tax cuts. Interestingly, renters also appear to support it in equal measure, at 64%.

Lost tax revenue would force local governments to come up with alternative methods to replace those funds or risk having to cut critical services instead. A Florida League of Cities study found that counties are likely to increase commercial and rental property taxes, which landlords would pass on to their tenants.

A third of renters who responded to the survey said that they believed cutting property taxes wouldn’t impact them, however. The majority (42%) said that it would likely push them to buy a home, while 25% said they would continue renting.

How much will Florida’s property tax cut save homeowners?

Florida homesteaders aren’t likely to save as much money as they might hope. The most money homeowners in Escambia and Santa Rosa counties could save is $134 per month (Escambia) and $99.60 per month (Santa Rosa).

Read the Sachs Media Florida property tax cut survey

This article originally appeared on Pensacola News Journal: Florida poll shows major property tax cut could pass in November