Save Our Taxpayers - Property Tax Relief Must be Accomplished Equitably

Save Our Taxpayers: Property Tax Relief Must be Accomplished Equitably - Report Cover

Florida property tax levies have been rising rapidly—increasing by nearly 40 percent in just the last three years and more than doubling in the last ten years—with property taxes now totaling $59.2 billion (FY2025–26). With the Legislature’s increased focus on affordability, especially housing affordability, property taxes are expected to be a top issue during the 2026 legislative session.

Florida TaxWatch’s Save Our Taxpayers: Property Tax Relief Must be Accomplished Equitably examines the property tax relief proposals currently under consideration, including the package released by the Florida House of Representatives. While there is considerable support for significant relief, there is not yet consensus on the best approach, and some proposals would go far beyond traditional relief concepts.

The report explains how Florida’s current property tax system can create inequities and how relief granted to some taxpayers can shift tax burden to others. Florida TaxWatch offers recommendations to help policymakers deliver meaningful property tax relief while also addressing inequities and helping level the playing field for all Florida taxpayers.

Download Full Report (PDF)

Meet the Author:

Kurt Wenner
Kurt Wenner
Senior Vice President of Research
LinkedIn

Documents to download

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Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

The Florida Legislature is meeting in special session to consider Governor DeSantis’ proposed constitutional amendment and linked legislation to provide significant property tax relief to Florida homeowners. The proposal has many provisions, but the main ones would increase the homestead exemption to $150,000, beginning January 1, 2027, and then increase it to $250,000, beginning January 1, 2028. This exemption will apply to all property taxes. In addition, the cap on the annual increase in the assessment of non-homestead properties would be reduced from 10% to 5%, but this change would not apply to school property tax levies. Any property taxes remaining after the changes would be restricted to being used solely for core services such as public safety, education, infrastructure, debt, and retirement benefits.

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