Why Florida's Proposed Homestead Exemption Changes Make 2026 the Time to Buy
If you have been considering purchasing a primary home in South Florida, timing your move before the end of 2026 could unlock significant long-term tax benefits.
Understanding the Proposed Amendment
A proposed Florida property tax amendment aims to expand the non-school homestead exemption substantially:
- 2027 Tier: Increases the exemption to $150,000 on January 1, 2027.
- 2028 Tier: Expands the exemption to $250,000 on January 1, 2028.
The 5-Year Exemption Rule
Under the proposed rules, individuals who establish permanent Florida residency on or before December 31, 2026, will receive immediate access to the expanded exemptions once implemented. Anyone who becomes a resident after that date will receive the standard $50,000 baseline exemption and must complete a 5-year waiting period of continuous residency before qualifying for the $150,000–$250,000 tiers.
Steps to Establish Residency & Secure Your Exemption
Establishing your Florida primary residence is straightforward once you acquire your property:
- Buy & Occupy: Close on and occupy your primary residence by December 31, 2026.
- Update Documentation: Transfer your driver's license, vehicle registration, and voter registration to your new primary address.
- File On Time: Submit your official homestead exemption application to the Palm Beach County Property Appraiser by March 1, 2027.
Find Your South Florida Home
Don't delay your move and forfeit valuable tax relief. From oceanfront estates in Palm Beach and coastal residences in Manalapan to premier golf course communities across Palm Beach County, our Team is here to guide you to the perfect property. Reach out today to explore available residences and plan your transition.
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The Next Move Is Yours
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Scott Gordon
(561) 346-4141
Mindy Gordon
(561) 302-3133
