Florida’s Proposed Property Tax Changes: What Property Owners Should Know About The 2026 Save Our Homes Proposal

Florida property owners, there are significant changes potentially on the horizon. A 2026 amendment will be on the ballot proposing to raise the homestead exemption to $250,000 for non-school taxes by 2028. Additionally, the annual assessment cap for many non-homestead properties could drop to 5%, starting January 2027. As someone who stays closely connected to trends in Florida real estate—from MLS sales to new developments—I’m always tracking how shifts like these may impact both current homeowners and future buyers. Staying informed about these proposals is key to making confident decisions for your property’s future.