Legislative Update

• Proposed 2026 Florida Property Tax Amendment (CS/HJR 1F)
• Save Our Homes and Existing Exemptions
• Non-Homestead Property
  Property Taxes and Local Government Funding
  Questions We Cannot Yet Answer
• Additional Information
• 
  Effective for June 2025 – Changes to Assessment Limitations after Calamity
• Filed for 2025 – Disclosure of Ad Valorem Taxes (Tax Estimator Bill)
• Effective for 2025 - Amendment 5: Annual Adjustment to Homestead Exemption Value
• Effective for 2024 – Changes to T&P Disabled Veteran (or surviving spouse) Exemption Requirement
• Effective for 2024 – Revision to the Definition of First Responder
• Effective for 2024 - Affordable Housing Exemption

  Also cited as the "Live Local Act", Bill CS/SB 102 Housing legislative changes were passed in 2023 session and effective for 2024 tax year:  1. Land owned by a 501(c)(3) leased for 99 years minimum for the purpose of and "predominantly" used for housing for extremely low – moderate income 2. Newly constructed for profit or not for profit multifamily projects (must apply within 5 tax years after substantial completion, same definition as for adding to roll under 192.042(1)) 3. County / municipal adopted by ordinance exemption. Local option exemption, only applies to taxes levied by the unit of government granting the exemption. Click this link for a more in-depth description and the general rules. Visit The Florida Senate  website to view the complete bill.

• Effective for 2023 – Increase to the Widows, Widowers, Blind Persons, or Persons Totally and Permanently Disabled Exemption (Increased from $500 to $5,000)
• Nov. 2022 - Amendment 1: Limitation on Assessment of Real Property Used for Residential Purposes (Property Assessments for Elevated Properties)
• July 2022 – Abatement of Taxes for Residential Dwellings Rendered Uninhabitable by Catastrophic Event
• May 2022 – Condo Safety Legislation
• Nov. 2020 – Amendment 5: Extend "Save Our Homes" Portability Period
• Nov. 2020 – Amendment 6: Homestead Property Tax Discount for Spouses of Deceased Combat Veterans

Legislative Update

Questions and Answers

This is your resource for up-to-date information on what’s happening in the Florida Legislature as well as local municipalities relating to ad valorem taxation and exemptions and how it may impact property owners in Hillsborough County.