Story perspectives

DeSantis Pushes $250K Homestead Exemption, $500M County Loss

5/27/2026

Summary

Story summary

Gov. Ron DeSantis called a session starting June 1 in Tallahassee to draft a constitutional amendment raising the homestead exemption to $250,000.
The amendment would eventually eliminate homestead property taxes for up to 92 percent of Florida homeowners.
It creates a state trust fund to finance schools, police and fire services after the tax cut.
Local officials warn a $500 million county revenue loss could slash municipal budgets by as much as 35 percent.

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Story summary

Gov. Ron DeSantis called a session starting June 1 in Tallahassee to draft a constitutional amendment raising the homestead exemption to $250,000.
The amendment would eventually eliminate homestead property taxes for up to 92 percent of Florida homeowners.
It creates a state trust fund to finance schools, police and fire services after the tax cut.
Local officials warn a $500 million county revenue loss could slash municipal budgets by as much as 35 percent.