With only a few weeks left remaining within the 2026 Florida Legislative Session, payments coping with property taxes are shifting, however most legislative proposals could have to attend until subsequent 12 months.
Up to now, here’s what has occurred during the last week.
The Florida State Home handed a proposed constitutional modification for the November 2026 poll that may eradicate all non-school property taxes on homestead properties.
If the invoice in its current kind makes it on this 12 months’s state poll and is accredited by voters, it will instantly scale back tax income for native governments beginning in 2027.
Florida TaxWatch says taxpayers will save, and native governments will lose, $14.7 billion, by far the biggest tax reduce in Florida’s historical past. At the moment, the Florida State Senate doesn’t have a filed property tax proposal.
“In a press launch, TaxWatch stated the tax reduce will enhance the multi-billion-dollar tax shift from homestead properties to renters, companies, and first-time homebuyers that our property tax system already creates. There are additionally fairness considerations for native governments; the diploma to which they depend on property taxes to fund companies varies significantly.
“We assist important property tax reduction, however we now have considerations about this proposal’s affect on taxpayer fairness,” the group stated.
Different tax proposals passing the Florida Home embrace HB 103 to repeal native enterprise taxes, value $200 million.
The Senate handed SB 434 to ban growing the assessed worth of residential property primarily based on enhancements made to reinforce wind resistance.
HB 5501 would divert $60 million in documentary stamp taxes from common income to fund Florida Rail Enterprise initiatives.
HB 1035 promotes using inexperienced infrastructure and nature-based options to resiliency.
HB 1177 goals to spice up Area Florida. The invoice handed its second committee; nevertheless, a gross sales tax exemption and a property tax exemption have been faraway from the committee substitute.
Different gadgets the state legislature shall be addressing are funding for public schooling, Everglades restoration and water high quality, state worker pay raises, the Florida State Guard, the Governor’s Job Development Grant Fund, and the switch of USF Manatee-Sarasota Campus to New Faculty.
