TAMPA — Governor Ron DeSantis announced he is calling a special session of the Florida Legislature during the week of June 1 to consider a constitutional amendment that would exempt the first $250,000 of a homestead’s assessed value from property taxes and set a schedule for full elimination of homestead property taxes through general law.
“Today in Tampa, I outlined the Save Our Homes from Excessive Property Taxes plan that will eliminate taxes on homesteads,” said Governor Ron DeSantis. “Property tax revenue collected by local governments has nearly doubled in the past seven years and is expected to reach an astounding $83 billion by 2032. Florida homeowners need relief. Now is the time to stand up for taxpayers, enact a historic reform, and save the home of every Floridian.”
Property tax revenue collected by local governments has surged from $32 billion to $60 billion over the past seven years — nearly doubling — and is projected to hit $83 billion by 2032. The proposal, titled “Save Our Homes from Excessive Property Taxes,” would deliver the largest property tax reduction in Florida history if voters approve the constitutional amendment this fall.
The plan includes five major components. Beyond the $250,000 homestead exemption, it would require local governments to direct remaining property tax revenue solely toward core public needs: public safety, education and schools, infrastructure, and natural resources. It would also limit future property tax assessments on businesses to create a more stable tax environment for commercial property owners.
Two additional provisions target residency requirements and local government funding. Any person who establishes Florida residency after Jan. 1, 2027, would be required to maintain residency for up to five years before receiving the increased homestead exemption. The proposal also establishes a state trust fund to provide grants to local governments to assist with the continuation of core local services — a mechanism designed to offset revenue losses at the county and municipal level.
The Legislature will take up the proposal during the special session the week of June 1, with the goal of placing the constitutional amendment on the ballot for Florida voters this fall.