06/03/2026
PSA:$380,000 homesteaded waterfront home as an example:
Current Florida Law
Assessed value: $380,000
Standard homestead exemption: $50,000
Taxable value: about $330,000
If the effective tax rate is around 1.5%, the annual property tax bill is roughly $4,950.
Under SJR 2-F (Current Proposal)
2027
Homestead exemption increases to $150,000
Taxable value drops to about $230,000
Estimated tax bill: about $3,450
Savings: about $1,500 per year
2028
Homestead exemption increases to $250,000
Taxable value drops to about $130,000
Estimated tax bill: about $1,950
Savings: about $3,000 per year compared with today.
Always think Resale
727-505-4480