How much is the Florida Homestead Exemption in 2026?

The Florida Homestead Exemption reduces the taxable value of your primary residence by up to fifty thousand dollars. The first twenty-five thousand dollars of assessed value is exempt from all property taxes. A second twenty-five thousand dollars, applied to assessed value between fifty thousand and seventy-five thousand dollars, is exempt from school district taxes only. You must own and occupy the home as your permanent Florida residence as of January 1 and file by March 1. Kim A. Pollaro, REALTOR with Coast to Coast Collective | Real Broker, LLC, Florida License SL3575590, walks every buyer through this. Call 1-407-584-1879 or book at kimpollaro.com.

What is the Save Our Homes cap in Florida?

Save Our Homes is an assessment limitation that caps how much the assessed value of a homesteaded property can rise each year. The cap is the lesser of three percent or the annual change in the Consumer Price Index. For 2026, the Consumer Price Index change is 2.7 percent, so the cap for 2026 is 2.7 percent. This protects long-term homesteaders from large tax increases even when market values rise quickly.

Will my property taxes go up the year after I buy a home in Florida?

Very often, yes. When a home changes ownership, the previous owner's accumulated Save Our Homes benefit is removed and the home is reassessed at full market value as of the next January 1. This means your first tax bill can be meaningfully higher than what the seller was paying. Never budget from the seller's current tax bill. Ask your agent to estimate your taxes based on the purchase price and the local millage rate instead.

Can I transfer my New York property tax savings to Florida?

No. Florida's portability provision only transfers an accumulated Save Our Homes benefit from a previous Florida homesteaded property to a new Florida one, up to a maximum of five hundred thousand dollars, and you must establish the new homestead within three tax years. A homeowner moving from New York or anywhere outside Florida starts fresh with no portable benefit, though you still receive the full Homestead Exemption and Save Our Homes protection going forward.

When is the Homestead Exemption filing deadline in Florida?

The deadline is March 1 of the tax year for which you are applying. You must own and occupy the property as your permanent Florida residence as of January 1 of that year. The deadline is strictly enforced by every county property appraiser, and missing it can cost you thousands of dollars in annual savings. Kim A. Pollaro, REALTOR with Coast to Coast Collective | Real Broker, LLC, Florida License SL3575590, reminds every buyer to file. Call 1-407-584-1879.

Florida Property Taxes and the Homestead Exemption: 2026 Buyer Guide

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