$250,000 Homestead exemption proposal: Florida homeowners could save big

December 10, 2025 at 8:24 pm EST

Florida bill could make approving property tax hikes more difficult

December 10, 2025 at 8:24 pm EST

TALLAHASSEE, Fla. — State lawmakers in Tallahassee plan to review a proposal next month that would increase the homestead exemption from $75,000 to $250,000, with the goal of reducing property taxes.

Qualifying homeowners would be exempt from property taxes on the first $250,000 of their home’s value.

However, this plan might take away $8 billion from local governments, causing division among lawmakers.

If the proposal is approved, it will appear on the November ballot and need 60% voter support to pass.

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Jake Jordan, WFTV.com

Jake Jordan is a UCF Radio and Television alum on the WFTV Content Center Team. He hosts podcasts and live shows, and previously worked as a producer, reporter, and anchor on Orlando's Morning News with Scott Anez.