Florida’s Proposed Property Tax Changes: What Property Owners Should Know About The 2026 Save Our Homes Proposal

Big changes could be on the horizon for Florida property owners. There’s a proposed amendment up for vote in 2026 that would raise the homestead exemption for non-school taxes to $250,000 by 2028. For those holding non-homestead properties, the annual assessment cap could be lowered to 5%, starting January 2027.

As someone who works with Tampa Bay homeowners, buyers, and investors every day, I know these shifts could impact everything from monthly budgets to long-term investment plans. My goal is always to keep you ahead of the curve—so whether you’re thinking about selling, buying, or growing your portfolio, it pays to stay informed about changes like these. If you have questions about how these proposed updates might affect your property decisions, let’s break it down together.

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