Kat Shimer Realtor

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If you’ve been considering a move to Florida, recent news out of Tallahassee may be the push you’ve been waiting for.

Florida lawmakers have passed a proposed constitutional amendment that would increase the Homestead Exemption from $50,000 to $150,000 in 2027 and potentially up to $250,000 in 2028. If approved by voters, many Florida homeowners could see a significant reduction in their property taxes… and some may pay little to no county property taxes at all.

Here’s the part that caught my attention:

If you establish Florida residency before January 1, 2027, you could qualify for the enhanced exemption immediately.

If you wait until after January 1, 2027, new residents may have to establish up to five years of Florida residency before receiving the full benefit.

A few important details:

✅ School taxes would still apply
✅ The non-homestead assessment cap would decrease from 10% to 5%, which could benefit investors and second-home owners
✅ Florida voters must still approve the amendment on November 3, and it requires 60% approval to pass

Whether you’re currently living up north, spending winters here as a snowbird, or simply thinking about making Southwest Florida your permanent home, this could be an important factor in your decision-making process.

As a lifelong Naples resident and local Realtor, I help buyers relocate to Naples, Marco Island, Bonita Springs, Estero, Fort Myers, Cape Coral, and surrounding Southwest Florida communities every day.

If you’re curious about what this could mean for you, feel free to send me a message or drop your questions below.