Englewood Chamber – Property Tax Update 5/27/2026
May 27, 2026
Property Tax Update
Background:
The Florida House has proposed eliminating non-school property taxes on homesteaded properties, however, the Senate has not advanced the proposal. Both the House & Senate would need to pass the proposal before it would move on to the voters for approval.
The Governor’s Plans:
The Governor has called for the full elimination of homestead property taxes, acknowledging the 70% of local property tax revenue that is paid by non-homestead properties, which he stated would not be affected. The Governor believes that non-homestead property taxes are sufficient to fund essential local government services.
The proposal is to initially raise the homestead exemption to $250,000 for all homestead property taxes (including schools) and then authorize the legislature to eliminate the remaining homestead property tax burden.
He also believes that newcomers from out of state should have to pay property taxes before being eligible for any property tax break. The Governor called a special session on property taxes June 1st-3rd. – Click Here for more Info
The Legislatures Plans:
The legislature will convene in Special Session F beginning Monday to consider the Governor’s property tax proposal. Because Florida’s property tax system is largely embedded in Florida’s Constitution, it will require a joint resolution to pass the legislature by a three-fifths vote (60%) of the membership of each body to place a constitutional amendment on the ballot for the November general election.
The ballot initiative would then require approval by 60% of the voters in November. There is no gubernatorial veto opportunity for joint resolutions so the proposal will go straight to the ballot.