Florida voters decide Tuesday whether to raise the homestead exemption on non-school property taxes from $51,411 to $150,000 next year and $250,000 in 2028.
Zoom in: The amendment keeps a $25,000 exemption against school taxes and replaces the rest with up to $150,000 from January 1, 2027 and up to $250,000 from January 1, 2028, with CPI adjustments starting in 2029.
By the numbers: Today's exemption totals $51,411: $25,000 against all millages plus $26,411 against non-school millages. That puts the extra exempt value at $98,589 in 2027 and $198,589 in 2028.
- Using Pinellas County's 2025 countywide average non-school rate of 12.2011 mills, the appraiser's office estimates savings of about $1,203 in 2027 and about $2,423 in 2028.
Yes, but: School taxes stay in the bill. Only the first $25,000 of a homestead remains exempt from school millage, which accounts for a large share of a typical bill, so most owners keep paying it.
Between the lines: People who become Florida residents on or after January 1, 2027 start at a $50,000 exemption and have to hold a Florida homestead for four years before the larger amount applies in year five.
The other side: Non-homestead owners would see their assessment growth cap fall from 10% to 5% from 2027, which slows assessed value growth while leaving school taxes uncapped on market value.
What's next: Florida constitutional amendments need at least 60% approval. If it passes, the change takes effect January 1, 2027 and first shows up on the August 2027 TRIM notices and the tax bills mailed in November 2027.
Why it matters: Exemptions move taxable value, so millage rates set by local taxing authorities can still move your bill. The Pinellas appraiser says exact savings stay unknowable until implementing legislation and future rates are set.
