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<\/p>\nTALLAHASSEE, Fla. \u2014 Florida voters will decide in November whether to approve a major property tax relief plan backed by Gov. Ron DeSantis.<\/p>\n
State lawmakers approved the proposal Tuesday, sending a constitutional amendment to the ballot.<\/p>\n
If approved by voters, the measure would expand Florida\u2019s homestead exemption from $50,000 to $150,000 in 2027 and $250,000 in 2028.<\/p>\n
The expanded exemption would not apply to school district property taxes.<\/p>\n
The proposed constitutional amendment would need at least 60% voter approval to pass.<\/p>\n
<\/p>\n
Florida’s Property Tax Relief Plan Heads to November Ballot Florida voters will decide in November whether to approve a major property tax relief plan backed by Gov. Ron DeSantis. (WFTV)<\/p>\n
Lawmakers amended the plan before final approval after concerns were raised by local governments, firefighters and Democrats about the potential impact on local services.<\/p>\n
A House staff analysis estimated the proposal could reduce annual revenue for non-school local governments by $4.6 billion at first, eventually growing to $8.4 billion per year.<\/p>\n
The plan also lowers the cap on annual assessment increases for non-homestead properties.<\/p>\n
It would also limit property tax revenues to core government services, including public safety, infrastructure, stormwater management and education.<\/p>\n
Supporters said the proposal would provide relief to homeowners facing rising property tax bills and allow voters to decide whether local governments should operate with less revenue.<\/p>\n
Opponents warned the plan could force cities and counties to cut services or shift costs to businesses, renters and property owners who do not qualify for homestead exemptions.<\/p>\n
The measure will appear on the November ballot.<\/p>\n
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