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

  CS/CS/SB 180; Emergencies   This legislation was signed by the Governor on June 26, 2025, as an amendment to Section 193.155(4)(b), Florida Statutes. The change affects homesteaded properties that have been damaged or destroyed by calamity, and how they are assessed when rebuilt. The changes apply to construction that will be added to future tax rolls beginning with the 2026 tax roll. Important takeaways: Applies to calamity-damaged homesteaded properties only. Replacement improvements are assessed using the property's assessed value from January 1 before the damage occurred, keeping the Save Our Homes (SOH) cap protections. The damaged homestead’s square footage for changes, additions, and improvements has been increased to 130% of the original square footage, or 2,000 square feet, whichever is greater, without losing the capped assessment benefits. Any rebuilt area that exceeds the square footage limitation thresholds will be assessed over the assessed value cap at just/market value This legislation did not make any changes to non-homestead properties. Calamity square footage limits remain at 110% of the original square footage, or 1,500 square feet, whichever is greater, for non-homestead properties. Any excess square footage will be assessed over the non-homestead cap at just/market value.

• 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
• 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.