Close Menu
Florida Real Estate Wire – Real Estate NewsFlorida Real Estate Wire – Real Estate News
  • Florida Real Estate Market
  • Florida News by Region
    • Miami Dade Florida
    • Broward County Florida
    • Palm County Florida
    • Hillsborough County Florida
  • Rent In Florida
  • Investment Realty
  • Luxury Real Estate
  • Real Estate
What's Hot

Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

January 28, 2026

Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

January 28, 2026

Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

January 28, 2026
Facebook X (Twitter) Instagram
Florida Real Estate Wire – Real Estate NewsFlorida Real Estate Wire – Real Estate News
Subscribe
  • Florida Real Estate Market

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Southwest Florida Commercial Real Estate Surges in Q1, Driven by Investor Confidence

    January 28, 2026

    South Florida Real Estate Heats Up With Major Deals, Including $11.7M Coral Gables Mansion Sale

    January 28, 2026
  • Florida News by Region
    1. Miami Dade Florida
    2. Broward County Florida
    3. Palm County Florida
    4. Hillsborough County Florida
    5. View All

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    South Florida Real Estate Heats Up With Major Deals, Including $11.7M Coral Gables Mansion Sale

    January 28, 2026

    Allen Morris Company Unveils Immersive Ziggurat Sales Gallery in Coconut Grove

    January 28, 2026

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Panthers Star Sam Reinhart Acquires Lavish Mansion from Inter Miami’s Sergio Busquets

    January 28, 2026

    Core Investment Management Boosts Real Estate Holdings with Jacaranda Plaza Acquisition

    January 27, 2026

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Stephen Ross Envisions West Palm Beach as Florida’s New Silicon Valley

    January 26, 2026

    Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Hillsborough County Experiences Surge in Residential Development

    January 26, 2026

    John Aaron Dominates Florida Real Estate with Over $1 Billion in Transactions

    January 21, 2026

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

    January 28, 2026

    Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026
  • Rent In Florida

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Florida Housing Market Sees Rising Sales and Easing Prices: A Buyer’s Advantage

    January 25, 2026

    Marathon Council Delays Decision on Vacation Rental Fee Hike Amidst Owner Concerns

    January 25, 2026

    South Florida Real Estate Market Cools: Sales Rise as Prices Dip

    January 24, 2026

    Surfside Welcomes First Live Local Act Project Amidst Housing Initiatives

    January 23, 2026
  • Investment Realty

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Southwest Florida Commercial Real Estate Surges in Q1, Driven by Investor Confidence

    January 28, 2026

    Foreign Investors Fuel Miami’s Real Estate Surge, Reshaping Market Dynamics

    January 28, 2026

    Frida Kahlo Residences: New Condo Project to Grace Miami’s Wynwood Arts District

    January 28, 2026

    Florida Real Estate Broker Accused of Embezzling $121 Million from Investor

    January 28, 2026
  • Luxury Real Estate

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    South Florida Real Estate Heats Up With Major Deals, Including $11.7M Coral Gables Mansion Sale

    January 28, 2026

    Panthers Star Sam Reinhart Acquires Lavish Mansion from Inter Miami’s Sergio Busquets

    January 28, 2026
  • Real Estate

    Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

    January 28, 2026

    Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

    January 28, 2026

    Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

    January 28, 2026

    Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

    January 28, 2026

    Southwest Florida Commercial Real Estate Surges in Q1, Driven by Investor Confidence

    January 28, 2026
Florida Real Estate Wire – Real Estate NewsFlorida Real Estate Wire – Real Estate News
Florida News by Region

Florida House Advances Plan to Phase Out Property Taxes, Sparking Debate

January 20, 2026
Florida house and a gavel with tax documents.
Share
Facebook Twitter LinkedIn Pinterest Email

A significant proposal aimed at phasing out non-school homestead property taxes in Florida has cleared a key hurdle in the state House. The measure, which requires voter approval, seeks to gradually increase the homestead exemption over a decade, potentially eliminating these taxes by 2037. This move by Republican lawmakers, supported by Governor Ron DeSantis, is intended to provide tax relief to homeowners but has drawn sharp criticism from local government officials concerned about the impact on essential services.

Key Takeaways

  • A Florida House proposal to phase out non-school homestead property taxes by 2037 has advanced.
  • The plan involves annually increasing the homestead exemption by $100,000 over ten years.
  • It requires a 60% voter approval to become a constitutional amendment.
  • Local governments warn of billions in lost revenue and potential cuts to services like law enforcement and fire rescue.
  • Critics suggest the tax shift could burden renters and businesses.

The Proposal and Its Mechanics

The proposed constitutional amendment (HJR 203) would incrementally boost the homestead exemption by $100,000 each year for the next decade. If approved by voters, this would lead to a complete exemption from non-school property taxes by 2037. The proposal also includes provisions to prevent local governments from cutting funding for first responders to compensate for the lost revenue.

Concerns Over Funding and Tax Shifting

Local government representatives have voiced strong opposition, warning that the elimination of property taxes could result in billions of dollars in lost revenue annually. They argue that this would not be true tax relief but rather a "tax shift," where the burden is transferred to businesses and renters through increased fees, assessments, or higher taxes on non-homestead properties. Concerns have also been raised about the potential for reduced funding for vital community services such as road maintenance, parks, and libraries.

Governor’s Push and Legislative Efforts

Governor Ron DeSantis has made property tax reduction a priority, advocating for a measure to be placed on the November ballot. While the House has considered multiple proposals, Speaker Daniel Perez indicated an expectation for a single, consolidated measure to go before voters. The Governor has suggested a special legislative session might be necessary to reach an agreement between the House, Senate, and the executive branch.

Impact on Local Services and Future Implications

State economists project significant revenue losses for counties and cities if such measures pass. For instance, one proposal to eliminate non-school property taxes for homestead properties could cut taxes by billions in the initial years. Local officials argue that this could erode "home rule" and force difficult choices regarding service provision. Some analyses suggest that to offset the loss, local governments might increase property taxes on commercial and rental properties, leading to higher rents for residents. The debate is expected to intensify as the legislative session progresses, with the ultimate fate of property taxes hinging on legislative action and voter approval.

[link-whisper-related-posts]

Sources

  • House proposal to phase out property taxes in Florida moves forward – NBC 6 South Florida, NBC 6 South Florida.
  • Log into Facebook, Facebook.
  • 2026 could be pivotal year in Florida, WPTV.
  • Is Florida eliminating property taxes? Local impacts and what we know, The Florida Times-Union.

Related Posts

Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

January 28, 2026

Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

January 28, 2026

Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

January 28, 2026

Miloff Aubuchon Realty Group Joins Forces with The Keyes Company, Expanding Southwest Florida Reach

January 28, 2026
Florida Real Estate Newsletter

Headlines delivered weekly


Top Picks

Houzeo Enhances Home Buying Experience with New ‘Collections’ Feature in Florida

September 1, 2025

Orion Real Estate Group Sells Jupiter Shopping Center for $52.8 Million

September 1, 2025

Real Estate Visionary Rodolfo A. Rios Unveils Essential Guide for Developers in Miami

September 1, 2025

Florida Housing Market Faces Headwinds from Tariffs and Immigration Uncertainty

September 2, 2025
Latest Posts

Larry Ellison’s $450 Million Florida Real Estate Play Lures the Ultra-Rich Near Mar-a-Lago

January 28, 2026

Manchester United Owner Lists Lavish Palm Beach Mansion for $47.5 Million

January 28, 2026

Hillsborough County Offers Crucial Property Tax Relief for Hurricane Victims

January 28, 2026
© 2026 Florida Real Estate Wire. All Rights Reserved.
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.