Bill > S0270

This joint resolution proposes a constitutional amendment to provide a complete property tax exemption for homeowners aged 65 and older, with specific eligibility requirements. Specifically, to qualify, individuals must have owned and maintained their property as a permanent residence for at least five years, have a household income not exceeding $350,000 (which will be adjusted annually based on the cost-of-living index), and the exemption will apply to all ad valorem taxes except school district levies. The proposed amendment would take effect on January 1, 2027, and would allow seniors who meet these criteria to be fully exempt from property taxes on their homestead property. The resolution aims to provide significant tax relief for older homeowners by removing their property tax burden, with the income threshold and residency requirements designed to target the exemption to long-term, lower to middle-income senior residents. If approved by voters, this constitutional amendment would represent a substantial benefit for eligible seniors by potentially reducing their housing expenses and helping them maintain homeownership in their retirement years.

https://www.flsenate.gov/Session/Bill/2026/270