Bill > H0359

This bill creates a new property tax exemption in Florida, providing a $100,000 exemption from all taxation for real property, which is consistent with a provision in the state constitution (Article VII, Section 3(h)). The exemption means that property owners would not have to pay taxes on the first $100,000 of their property's value, potentially providing significant financial relief to homeowners. The bill's implementation is contingent upon the approval of a related constitutional amendment (HJR 357 or a similar joint resolution) at either the next general election or a specially authorized earlier election. By reducing the taxable value of real property, this legislation aims to lower the tax burden for property owners in Florida, which could make homeownership more affordable and provide economic benefits to residents.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2025/359