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)
• July 2022 – Abatement of Taxes for Residential Dwellings Rendered Uninhabitable by Catastrophic Event
• May 2022 – Condo Safety Legislation

  Senate Bill SB4-D  was signed by the Governor on May 26, 2022 as an amendment to the Florida Condominium Act. It effects all FL Condominium & Cooperative buildings 3 stories or higher. Associations are required to: Conduct “milestone inspection” by FL licensed architect or engineer via visual inspection to determine substantial structural deterioration at building age of 30 years (25 yrs if within 3 miles of coastline), then every 10 years after that, Conduct structural integrity reserve study every 10 years to ensure appropriately funded to undertake necessary work. After 12/31/2024, Associations cannot waive or underfund reserves. Owners cannot ‘opt-out’ of obligatory funding of reserves for: the roof; load-bearing walls/other primary structural members; floors; foundation; fireproofing and fire protection systems; plumbing; electrical; waterproofing & exterior painting; windows; any other item that exceeds $10,000.

• 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.