Bill > H0215

This bill modifies two aspects of Florida's tax laws: homestead property assessment and millage rate increases. For homestead property, the bill expands "Save-Our-Homes" portability benefits for married couples, allowing them to combine their previous homestead exemption values when establishing a new joint homestead, with a maximum combined reduction of $500,000 from the property's just value. Regarding local government taxation, the bill requires a two-thirds vote of a governing body (such as a county, municipality, or independent district) to increase the prior year's adopted millage rate, which effectively makes it more difficult for local governments to raise property taxes. The bill also authorizes the Department of Revenue to adopt emergency rules to implement these changes and sets the first application of these amendments to the 2027 tax roll, with the main provisions taking effect on January 1, 2027. The emergency rulemaking authorization expires on July 1, 2028, ensuring a temporary window for implementing the new regulations.

Budget and Finance, Government Affairs

https://www.flsenate.gov/Session/Bill/2026/215