June 3, 2026

Florida voters will decide in November 2026 whether to approve House Joint Resolution 1-F (“HJR 1-F”), a proposed constitutional amendment that would expand homestead tax exemptions, reduce future assessment growth limits for certain properties, and limit how counties and municipalities use ad valorem tax revenues.Among other things, the proposal would: (1) increase the homestead exemption for non-school levies to $150,000 beginning January 1, 2027; (2) increase the exemption to $250,000 beginning January 1, 2028; and (3) provide annual inflation adjustments thereafter.

 The proposal also creates different eligibility rules for new Florida residents. Individuals who establish Florida residency after December 31, 2026, would receive a $50,000 homestead exemption for non-school levies and would become eligible for the increased exemption beginning in the fifth (5th) year of exemption under the amendment. Separately, “CS/SB 4-F, An Act Relating to Property Tax Administration” (“SB 4-F”), establishes the statutory framework necessary to administer the proposed constitutional changes. This includes revisions to millage-related provisions and authorization for the ballot summary that voters will see during the November 2026 election.

 Since HJR 1-F is a proposed constitutional amendment, it must receive at least 60% voter approval in November 2026 before the proposed constitutional changes can become part of the Florida Constitution. If approved, the proposed constitutional changes would take effect on January 1, 2027.