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
• Effective for 2023 – Increase to the Widows, Widowers, Blind Persons, or Persons Totally and Permanently Disabled Exemption (Increased from $500 to $5,000)

  PASSED! During the 2022 session, the Florida legislature approved an increase to this exemption (from $500 to $5,000) for the first time since 1968. This bill, which is part of the 2022 Tax Package (CS/HB 7071 ), was signed into law by the Governor on May 6, 2022 with an effective date of July 1, 2022. The increase in the exemption amount will become effective as of January 1, 2023, for the 2023 tax year. This will increase the typical savings related to this exemption from approximately $10 to $100 per year for these individuals.

• 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.