Our sister station in Orlando, WKMG, took a closer look at the proposal. <\/a><\/p>\nCurrent homestead exemption rules in the state operate as follows, with two different brackets of assessed value being tax exempt:<\/p>\n
But under HJR 1F, the exemptions would apply solely to non-school taxes, though the exempted amount would raise dramatically:<\/p>\n
2027\u00a0\u2014 First $150,000 of assessed value<\/p>\n
2028\u00a0\u2014 First $250,000 of assessed value<\/p>\n
2029 onward\u00a0\u2014 First $250,000 of assessed value, indexed to inflation<\/p>\n
However, this only applies to homeowners who are permanent residents of Florida before the proposed amendment takes effect on Jan. 1, 2027 (if it gets approved, that is). For newcomers, the timeline is a bit different.<\/p>\n
HJR 1F instead provides new residents with a five-year homestead exemption that comes out as follows:<\/p>\n
After this five-year period, the new residents will then be eligible for the higher exemption.<\/p>\n
Meanwhile, the amendment also reduces the annual non-homestead property assessment growth cap from 10% to 5%, limiting how much these sorts of properties may be assessed each year.<\/p>\n
In addition, the plan limits how local governments may spend property tax revenue:<\/p>\n
Public safety, including law enforcement, EMS and fire services<\/p>\n
Education and public schools<\/p>\n
Infrastructure, including roads, bridges and stormwater controls<\/p>\n
Natural resource projects, including flood control measures<\/p>\n
Issue local bonds for approved uses or to make debt service payments<\/p>\n
Meet obligations and retirement benefits of local government employees<\/p>\n
Fund the operations and administration of county officers and commissioners<\/p>\n
While the amendment has been approved by lawmakers, it will still need 60% approval from voters in the general election on Nov. 3.<\/p>\n
Copyright 2026 by WJXT News4JAX – All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"There\u2019s a new proposal heading to the ballot in November that will let Florida residents determine whether to…\n","protected":false},"author":2,"featured_media":787966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,2808,451,3,45030,452,453],"class_list":["post-787965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-florida","tag-headlines","tag-news","tag-property-tax","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/787965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=787965"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/787965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/787966"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=787965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=787965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=787965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}