POLITICS

DeSantis Calls Special Session To Eliminate Homestead Taxes

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Tampa, Fla. Governor Ron DeSantis announced Wednesday he will call a special legislative session starting Monday in Tallahassee to place a constitutional amendment on the November ballot that would raise the homestead exemption to $250,000 and direct lawmakers to develop a schedule to phase out homestead property taxes for Florida homeowners. Lawmakers must approve placing the amendment on the ballot with at least 60% support in both chambers and submit finalized language by August; if enacted by voters, raising the exemption toward $500,000 could make roughly 92% of homesteaded properties tax-free, while the governor proposed a state trust fund to offset local revenue losses during transition.

Prepared by Lauren Mitchell and reviewed by editorial team.

Timeline of Events

Over the prior year, Governor DeSantis publicly discussed proposals to reduce or eliminate property taxes.
Wednesday: DeSantis formally unveiled the plan and announced a special legislative session starting Monday.
Monday: Special session convenes in Tallahassee to consider placing the amendment on the November ballot.
By August: Lawmakers have a statutory window to finalize specific ballot language for the amendment.
November: Voters would decide the amendment; it requires at least 60% approval to pass.

Why This Matters to You

If you're a Florida homeowner, this could mean big savings. A higher homestead exemption and a phase-out of property taxes could leave more money in your pocket. Check your current property tax bill to see the potential impact.

The Bottom Line

Governor DeSantis' proposal could drastically change Florida's tax landscape. But it's not a done deal yet. It needs legislative approval, then voter approval in November. Worth forwarding if you know a Florida homeowner who'd appreciate a heads up.