Written June 5th, 2026 by Author Z.K

On June 2nd, 2026, Florida lawmakers voted for an interesting amendment to be put on the November ballot. This amendment with no current name other than the 2026 Florida Property Amendment in google, will change how the current homestead exemptions will be calculated. Now in past years, your homestead exemption was 25,000 plus some extra based off other factors, maxing out around $50k.

This new amendment would change the max to $250,000, but there are some important details you should know before talking with any clients about it.

1. the $250,000 exemption will only be avaliable to those who own are a Florida resident by or before December 31st, 2026.
2. New homeowners can still get the exemption, but will need to be a Florida resident for at least 4 years before qualifying.
3. New homeowners in the meantime, will receive a $50,000 homestead.
4. When the law first comes into affect in January 2027, if voted in, will only be $150,000 for those who qualify, until January 2028, where it will increase to the full $250,000.
5. The law will only come into affect if voted in by 60% of the voters in November.
6. “The amendment does not apply to ad valorem taxes collected by school boards. To ensure funding for critical functions of local government.”
7. Non residential property was also protected with the assessment increase limit going from 10% to 5%

What does this mean for you? Well, quite frankly, nothing yet. Agents have a tendency to jump to conclusions and act before anything is truly known and this is one of those times to be alert but not act just yet. If passed, it will make it a great selling point to new buyers as there will be a tax exemption to help with interest rates, but check with your MLO as well to see what they predict will happen with interest rates.

Unfortunately, in the past when laws are passed to save people money regarding a certain industry, the industry sometimes simply raises prices, offsetting the original planned saving, so communicate with your MLOs. If you don’t have a trust MLO, reach out to us at SunnyConnect and we can get you in touch with one we’ve worked with and trust!

We at SunnyConnect shall continue to monitor the legislation and what it could mean for you as your most trusted Transaction Coordinators! Reach out to us for any questions!