Trending Now - Desantis Proposes Property Tax Elimination for Florida Residents

WHO:

Newsweek - Ron DeSantis is the Governor of Florida.

Miami Herald - DeSantis announced his property tax proposal during a legislative session.

WHAT:

Newsweek - DeSantis' plan would increase Florida's homestead exemption from $50,000 to $250,000.

Miami Herald - The proposal aims to eliminate property taxes for 92% of Floridians who own their homes.

Miami Herald - DeSantis plans to call the Legislature back to Tallahassee to add an amendment to the ballot.

Miami Herald - The proposed amendment would eventually raise the homestead exemption to $500,000.

Miami Herald - Local governments could lose tens of billions of dollars in revenue due to the plan.

Miami Herald - The amendment would require local governments to spend remaining property tax revenue only on core services.

WHERE:

Miami Herald - The announcement was made at the Florida State Capitol in Tallahassee, Florida.

WHEN:

Miami Herald - The legislative session began on January 13, 2026.

Miami Herald - The proposed amendment is set for the November ballot.

WHY:

Miami Herald - DeSantis stated, “I think a lot of people need relief,” indicating the motivation behind the proposal.

Miami Herald - The plan aims to address concerns from residents about rising costs and growth in Florida.

HOW:

Miami Herald - DeSantis proposed a multibillion-dollar state trust fund to provide grants to local governments to help with the transition.

Miami Herald - The amendment would include a provision requiring new residents to pay up to five years of taxes before being eligible for property tax relief.

(UPDATED May 28, 2026 10:19 UTC)

Governor Ron DeSantis of Florida has announced a property tax proposal during a legislative session at the Florida State Capitol in Tallahassee. His plan aims to increase the homestead exemption from $50,000 to $250,000, ultimately raising it to $500,000 and eliminating property taxes for 92% of homeowners, although local governments could face significant revenue losses. DeSantis plans to call the Legislature back to Tallahassee to add this proposed amendment to the November ballot, emphasizing the need for relief amid rising costs for residents.