property tax cut

Florida Governor Ron DeSantis plans to call a special legislative session in fall 2026 to reintroduce portions of his property tax cut proposal if a constitutional amendment passes in November. The amendment, which increases homestead exemptions and limits future tax assessments, was modified by the Legislature to exclude school tax impacts and remove provisions like a $500,000 exemption cap and a state trust fund for local governments.

Lawmakers modified Gov. Ron DeSantis' property tax cut proposal to exclude school districts, reducing potential annual revenue loss for local governments from $8.4 billion. The amended bill, HJR 3F/SJR 4F, would increase the property tax exemption to $150,000 in 2027 and $250,000 in 2028, requiring voter approval with 60% support to take effect.