The Florida House passed a bill to eliminate most homestead property taxes

by Jennifer Azan

The Florida House passed HJR 203, a proposed 2026 constitutional amendment to eliminate non-school property taxes for homesteaded properties, potentially cutting local funding by $14.8 billion. If 60% of voters approve it in November 2026, this significant tax relief would take effect in the 2027 tax year.

Key Details on 2026 Property Tax Proposals:

The Proposal (HJR 203/HJR 201): Targets eliminating all ad valorem (property) taxes for primary residences, excluding school district levies.
Impact: If passed, homeowners would likely see their tax bills reduced by roughly 35% to 50%, as school taxes would remain.
Timeline: The proposal is for the November 2026 ballot. If passed by voters, it takes effect for the 2027 tax year.
Status: The House passed the bill (80-30), but it requires Senate approval to reach the ballot.
Concerns: Critics and Florida TaxWatch warn of a major shift of the tax burden to renters and businesses, and potential underfunding of local services.
Other Changes: In addition, Private mortgage insurance (PMI) premiums become tax-deductible again starting in 2026.

Note: The legislative session ends March 13, 2026, and the Senate has not yet advanced a similar measure.