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)
• Nov. 2022 - Amendment 1: Limitation on Assessment of Real Property Used for Residential Purposes (Property Assessments for Elevated Properties)

  Did Not Pass - Received 57.3% of the 60% needed for passage - During the 2021 session, two bills were passed that set the stage for Florida voters to approve a Constitutional Amendment that would allow residential property owners to voluntarily elevate their property above Base Flood Elevation (BFE) within the Special Flood Hazard Areas (SFHA) without impacting their Assessed Value from the new construction cost. This legislation incentivizes investment of private capital to proactively elevate residential properties out of harm’s way and make our communities more resilient. Key elements of the legislation follow: May elevate existing structure or rebuild up to 110% of total square footage (excluding grade level parking/storage/access areas) without a change in Assessed Value Must lie within a SFHA (A or V Zone) with lowest living floor below Base Flood Elevation (BFE) Structure cannot be condemned May not undergo a change of use Applies to both Homestead and Non-homestead Residential Properties (Up to 9 units) Assessed Value resets to Just/Market Value upon sale/transfer To help explain further, our office has compiled a list of FAQs about Amendment 1 (2022) which may help voters make an informed decision. If approved by at least 60% of Florida voters on November 8th, 2022, qualifying properties in receipt of a certificate of occupancy from 2022 forward would eligible. Click here for an informational whitepaper on this legislation.

• 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.