Florida lawmakers are discussing property tax reform. Here’s what it could mean for homestead homeowners and what still needs to happen before any changes take effect.

I’m getting a lot of inquiries lately from people reaching out to ask one specific question: 

What’s going to happen with our property taxes here in Florida?

Governor Ron DeSantis has been pushing to reform the property tax bill, and we’re finally seeing some movement.

It’s important to understand that nothing is finalized yet. While the proposal passed the House, it still needs to go through the Senate and then ultimately face the voters. My research shows a divide between those who want to see this move forward and those who do not.

“If the plan moves forward, homestead homeowners may see some tax relief.”

Based on the current details, this reform won’t completely eliminate property taxes. Instead, the goal is to give people with a homestead exemption a larger tax break. The exact amounts vary depending on which reports you read, but the relief specifically targets millage rates that do not go to schools.

If you own a non-homestead property, this change doesn’t seem likely to affect or help you much. However, for those of us living in our primary, homesteaded residences, this should provide genuine tax relief outside of the school-related portion of your bill.

Since this still needs Senate approval and voter approval, there’s more to come on this story. It is a very intriguing development that could offer us some much-needed breathing room.

If you have questions about how this might impact your specific situation, feel free to reach out at (407) 499-8993or chris@mypinnaclehomes.com. I’m always happy to help.