Miami Fort Lauderdale, FL, June 13, 2026 —

Florida Homestead Exemption Proposal Could Cost Local Governments Billions

State economists project that a proposed increase to Florida’s homestead exemption could result in annual losses of nearly $12 billion for local governments, beginning in the 2027-28 fiscal year. The measure is slated to appear on the November ballot.

The potential reduction in revenue is expected to impact counties significantly. Larger urban areas, such as Miami-Dade County, are anticipating losses that could reach hundreds of millions of dollars.

Governor Ron DeSantis has voiced his support for the exemption increase, citing substantial revenue growth experienced by local governments and suggesting they can manage the financial impact. Conversely, some tax officials and policy institutes have raised concerns regarding the potential strain on local services and possible negative effects on county bond ratings.

Story summarized from the original created by A.G. Gancarski on floridapolitics.com, see more information here.

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