HJR 1F, "Save Our Homes from Excessive Property Taxes," passed the Florida Legislature on June 2, 2026 and heads to voters on the November 3, 2026 ballot, needing 60% approval. If passed, it would raise the homestead exemption from $50,000 to $150,000 in 2027, then to $250,000 in 2028. As of now, it is not law — property taxes are unchanged unless voters approve it.
The homestead exemption would rise from today's $50,000 to $150,000 on January 1, 2027, then to $250,000 in 2028, applying to non-school property tax levies.
Current senior exemptions stack on top of the new statewide exemption, including local options for homeowners 65+ below an income limit.
Homeowners establishing Florida residency on or before December 31, 2026 would be eligible for the expanded exemption when it takes effect; those arriving later face a phase-in period.
This is a proposed constitutional amendment requiring 60% voter approval on November 3, 2026. Nothing changes for current tax bills unless and until it passes.
Reverse mortgage borrowers must keep paying property taxes, insurance, and maintenance. A lower future tax bill could modestly ease that ongoing cost.
If you're relocating to Florida, the amendment's residency cutoff dates are worth understanding before you finalize a purchase timeline.
We are not a tax or legal authority on this ballot measure. For your specific situation, consult your county property appraiser or a tax professional.
See the full range of mortgage options available to Florida retirees today.
See the Reverse Mortgage Guide →Private consultation with Kelly or Ray Nadeau. We'll cover your mortgage and equity options regardless of how the vote turns out — no obligation.
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