What’s happening with Florida’s property tax proposal, and what could it mean for you?
Florida lawmakers are advancing a proposal that could eliminate most property taxes on primary residences by 2037 — a big development for homeowners across Brevard County and the entire Space Coast.
In short: A proposed constitutional amendment would gradually increase the homestead exemption so that, if approved by voters, many homeowners would pay no property taxes except for school levies by 2037.
What the Proposal Actually Says
Here’s what’s currently on the table:
- The homestead exemption would grow by $100,000 each year over 10 years.
- By 2037, that would mean virtually no property taxes for primary homes, except for those tied to public schools.
- This would require approval by Florida voters — 60% must vote yes in a statewide ballot, likely in 2026.
As a real estate agent here on the Space Coast, I’ve already had clients asking what this could mean for their current or future homes. And while nothing is finalized, it’s a proposal worth tracking closely.
Why It’s Gaining Attention
The proposal recently passed a key Florida House committee vote, signaling real momentum. Supporters say it’s time to give homeowners meaningful, long-term tax relief — especially with housing costs and insurance premiums already rising.
Opponents are concerned about local government funding. Property taxes fund fire departments, law enforcement, libraries, parks, and more. If this tax base shrinks, cities and counties may need to find new revenue sources — or cut services. https://www.wfla.com/news/florida/proposal-to-eliminate-property-taxes-in-florida-by-2037-moves-forward/
What It Could Mean for You in Brevard County
💰 For Homeowners
Imagine saving thousands of dollars a year in property taxes. That’s the core promise of this plan — but only if it passes and phases in successfully.
As someone who works with both new buyers and long-time homeowners, I know this kind of savings could make a real difference — whether you’re upsizing, downsizing, or just trying to keep your monthly costs steady.
🏡 For Buyers and Sellers
Tax advantages are always part of the bigger picture when you’re making a move. If this change goes into effect, homes with a homestead exemption could become even more attractive to buyers — potentially boosting values down the road.
As your local real estate resource, I’ll be keeping a close eye on how this plays out, especially here in Brevard County.
What Happens Next?
This is just a proposal for now — not law.
To move forward:
- The Florida Legislature must vote to put the amendment on the ballot.
- Voters across the state must approve it in November 2026.
- If passed, the changes would phase in gradually over a decade.
In the meantime, I’ll keep sharing updates so you can stay informed and make smart decisions — whether you’re buying, selling, or simply planning ahead.
If you ever have questions about how property taxes affect your current home or a future purchase, I’m here to help. I’ve built my business on being accessible, knowledgeable, and always honest with my clients — just check my reviews!
Let’s Talk About Your Goals
Whether you’re planning to buy, sell, or stay put — this proposed change could impact your plans. Let’s talk through what it might mean for your timeline, budget, or next move.
📅 Schedule a time to chat — I’ll help you sort through the noise and focus on what really matters.