INCREASED HOMESTEAD EXEMPTION; LOWER CAP ON INCREASES IN NON-HOMESTEAD PROPERTY ASSESSMENTS
Official booklet PDF uses a broken font encoding on one line of the summary; the line "taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for" was decoded from glyph IDs and matches the ballot language quoted by Lee County SOE and LWV Florida.
Quoted fiscal text contains "FY 3031-32" exactly as published (apparent typo for FY 2031-32).
Legislative amendments: no Financial Impact Estimating Conference statement and no official arguments or yes/no statements; 60% approval required.
GAP-FILL 2026-10-10: fiscal_impact quoted verbatim from Florida House of Representatives, Final Bill Analysis for CS/HJR 1F (2026 Special Session F), summary "Fiscal or Economic Impact" (https://flsenate.gov/Session/Bill/2026F/1F/Analyses/h0001z.SAC.PDF). Single-sourced (one official document). House staff analysis; Florida does not publish a separate fiscal statement for legislatively referred amendments (Financial Impact Estimating Conference statements are for citizen initiatives only). Source text reads "FY 3031-32" (apparent typo for FY 2031-32 in the original); quoted as published.
This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027 and $250,000 in 2028, and adjusts for inflation thereafter. It requires the Legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same. Persons who are not Florida residents on December 31, 2026, will receive the existing homestead exemption upon qualifying for a homestead exemption, with the increased homestead exemption beginning with the fifth year of exemption, to the extent permitted by the U.S. Constitution. This amendment reduces the annual cap on assessment increases for non-homestead properties from 10% to 5%. This amendment requires counties and municipalities to use property taxes solely for public safety, education and schools, infrastructure, natural resources, bond debt service, retirement benefits for employees, and operations and administration. Other expenditures may be approved by county officers or county or municipal governing bodies unless prohibited by general law, notwithstanding Article VII, Section 9(a) of the Florida Constitution, which allows counties and municipalities to levy property taxes for their respective purposes. This amendment takes effect January 1, 2027.
Not published by the state
Not published by the state
Not published by the state
If the constitutional amendment proposed by the joint resolution is approved by the voters, it is estimated that the cash impacts on local non-school property tax revenues would be -$4.95 billion in Fiscal Year (FY) 2027-28 (with the $150,000 exemption in place) and -$8.78 billion in FY 2028-29 (with the $250,000 exemption in place). The recurring impact in all years is estimated to be -$11.86 billion on local non-school property tax revenues, which represents the cash impact in FY 3031-32.
Not published by the state
Not published by the state
Both columns use the same layout. Text is quoted from the official state guide. Views expressed belong to the argument authors.