Story perspectives

DeSantis Proposes $250K Homestead Boost, $330M Budget Hit

5/29/2026

Summary

Story summary

Governor Ron DeSantis unveiled a reform to raise Florida’s homestead exemption to $250,000, then $500,000.
Investment bank UBS said the claim that a $250,000 exemption would cover 60 % of homes conflicts with data showing 47 % qualify.
The proposal adds a five-year residency rule for new Floridians and creates a state trust fund to offset local-government revenue losses.
Local officials warn the plan could cut $330 million from Broward County’s 2028 budget.

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Story summary

Governor Ron DeSantis unveiled a reform to raise Florida’s homestead exemption to $250,000, then $500,000.
Investment bank UBS said the claim that a $250,000 exemption would cover 60 % of homes conflicts with data showing 47 % qualify.
The proposal adds a five-year residency rule for new Floridians and creates a state trust fund to offset local-government revenue losses.
Local officials warn the plan could cut $330 million from Broward County’s 2028 budget.