homestead property tax exemption
Coverage of homestead property tax exemption in the Nexus archive.
- DeSantis touts property tax amendment, but still laments what it could have been
Florida Gov. Ron DeSantis signed two bills related to a proposed constitutional amendment to expand the state’s homestead property tax exemption, aiming to address affordability concerns. Critics argue the amendment would reduce local government revenues, while DeSantis emphasized its benefits for middle-class residents. The bills include measures to adjust millage rate formulas and increase local government budget transparency.
- Teachers union on property tax plan: ‘The stakes for public education are enormous’
Florida Education Association President Andrew Spar criticized Gov. Ron DeSantis' proposal to increase the homestead property tax exemption, warning it would jeopardize school funding. The plan, which would exempt $150,000 of a homestead's value from taxes in 2027 and $250,000 in 2028, could reduce local revenue critical for schools, which rely on 46% of the Florida Education Finance Program from local funding. DeSantis proposed a trust fund to offset the impact, but the Florida House's similar amendment failed to advance in the Senate.
- Schools, healthcare, public safety could be hit under property tax plan released by DeSantis
Gov. Ron DeSantis proposed a homestead property tax exemption plan that could reduce local government funding for schools, healthcare, and public safety. The plan requires legislative approval and voter support, with exemptions increasing to $250,000 or $500,000. It would immediately benefit 28% of homestead parcels and 76% if the exemption is raised to $500,000.