Florida legislature approves major property tax cut for November ballot — big win for homeowners but not full abolition.

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Florida legislature passed bill to increase homestead exemption to 250,000 dollars.

This removes property taxes on first 250,000 dollars of assessed value for primary residences.

Measure goes to voters in November and needs 60 percent yes vote to pass.

Higher value homes and non primary properties still pay taxes.

Called one of biggest homeowner tax relief steps in recent US history.

This gives real relief to Florida homeowners on their main house.

Other red states will watch this closely and may copy the model if it passes.

Official Florida Senate on HJR 1F: https://www.flsenate.gov/Session/Bill/2026F/1F
Florida Senate press release on property tax cut: https://www.flsenate.gov/PublishedContent/Offices/President/6_2_26_Senate_Passes_Historic_Property_Tax_Cut_for_Florida_Homeowners.pdf
Ballotpedia on Florida Amendment 3: https://ballotpedia.org/Florida_Amendment_3,_Homestead_Tax_Exemptions,_Property_Assessments,_and_Spending_Restrictions_Amendment_(2026)