TAMPA, Fla., May 28, 2026—A special session of the Florida Legislature will convene next week to consider a constitutional amendment aimed at delivering broad property tax relief for Florida homeowners.

The proposal, titled “Save Our Homes from Excessive Property Taxes,” provides for the immediate increase in the homestead exemption and calls for a schedule for full elimination through general law.

“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,” said Gov. Ron DeSantis.

Property tax revenue collected by local governments has risen from $32 billion to $60 billion and is expected to reach $83 billion by 2032.

The Save Our Homes proposal includes five major components to provide immediate and permanent relief:

• Exempt homestead properties from taxation – exempts the first $250,000 of a homestead’s value from taxation and requires, through law, a schedule for full elimination.
• Ensure funding for core services – requires local governments to use remaining property taxes solely for core public needs including public safety, education and schools, infrastructure and natural resources.
• Protect small businesses – limits future property tax assessments on businesses and creates a more stable tax environment for local businesses.
• Ensure fairness for Florida residents – requires any person who establishes Florida residency after January 1, 2027, to maintain Florida residency for up to five years prior to receiving the increased homestead exemption.
• Create a state trust fund to assist with core local services – establishes a trust fund to provide grants to local governments to assist with the continuation of core local services

The proposal will be considered during the upcoming special session with the goal of placing the constitutional amendment on the ballot for Florida voters this fall.

Office of the Governor of Florida news release