Myth: Is Florida Eliminating Property Taxes? Here’s What Florida Homeowners Need to Know

Have you seen posts claiming that Florida is eliminating property taxes?

You’re not alone.

Over the past few weeks, I’ve heard this question from homeowners, buyers, and even other real estate professionals. The rumor has spread quickly across social media, and many people now believe Florida is getting rid of property taxes altogether.

That’s simply not true.

Florida lawmakers approved a proposed constitutional amendment, but nothing has changed yet. Florida voters will make the final decision this November. The amendment must receive at least 60% of the vote before it can take effect.

What Is Actually Being Proposed?

If voters approve the amendment, Florida would increase the Homestead Exemption for the non-school portion of property taxes.

The proposal would:

• Increase the exemption from $50,000 to $150,000 on January 1, 2027.
• Increase it again to $250,000 on January 1, 2028.

That is very different from eliminating property taxes.

Does This Apply to Everyone?

No.

This is where many social media posts oversimplify the issue.

Your situation depends on several important questions.

• Is this your primary residence?
• Do you qualify for Florida’s Homestead Exemption?
• Is the property an investment property?
• Will you live in the home yourself?

Different rules apply to different property owners. That’s why one short video cannot explain how this proposal could affect everyone.

Why Are People Debating It?

People support and oppose this proposal for different reasons.

Some homeowners welcome the idea because they hope it will reduce their property tax bill.

Others worry about how local governments would replace the lost revenue. Property taxes help pay for services that communities use every day, including public safety, roads, parks, libraries, and other local programs. Many Florida cities and counties have already started discussing the possible financial impact if voters approve the amendment.

Both viewpoints are part of the conversation.

Ultimately, Florida voters—not social media influencers—will decide.

My Advice

Social media is a great place to start learning about a topic. However, it shouldn’t be the only place you get your information.

Before you make assumptions based on a headline or a 30-second video, take a few minutes to understand what the proposal actually says and whether it applies to your situation.

Every homeowner is different.

Every property is different.

And that’s exactly why there isn’t a one-size-fits-all answer.

If you have questions about Florida property taxes, Homestead Exemption, or buying and selling real estate in the Pensacola area, I’d be happy to help you understand how the current rules may apply to your situation.