Lawmakers adopt property tax reform measure for ballot (Local officials hold special meeting in anticipation of legislators’ action)

Lazaro Aleman ECB Publishing, Inc. Although not exactly as proposed by the governor, Florida lawmakers on Tuesday, June 2, approved a revised property tax amendment that could significantly increase the annual homestead exemption from the current $50,000 to $150,000 in 2027 and to $250,000 in 2028. As proposed by Gov. Ron DeSantis, the exemption would have been $150,000 in 2027, $250,000 in 2028, and thereafter the amount would have increased annually based on the Consumer Price Index (CPI),