How much is the Florida homestead exemption in 2026?

How do the two homestead exemptions add up?

Florida's homestead exemption has two parts. The first $25,000 of assessed value is exempt from all property taxes except special-benefit assessments. The second part applies to assessed value above $50,000 and only to non-school levies, such as county, city and special-district taxes.

That second exemption is now adjusted for inflation each January 1 using the Consumer Price Index. The Florida Department of Revenue lists the maximum as $25,722 for 2025 and $26,411 for 2026 (a 2.7% change), up from the $25,000 base in 2024.

• Example for 2026: a homestead assessed at $400,000 has $375,000 of taxable value for school taxes and $348,589 for most other taxes.
• A home assessed below $50,000 gets only the first $25,000; a home assessed between $50,000 and $76,411 gets part of the second exemption.[1][2]

What is the exemption worth in Palm Beach and Broward?

Dollar savings depend on the millage rates where the home is located. The Palm Beach County Property Appraiser says the exemption generally saves $750 to $1,000 a year, and the Broward County Property Appraiser says it saved homeowners $659 to $1,009 in 2025 for homes valued at $75,000 or more. In Palm Beach County, the additional exemption is applied automatically once you qualify for homestead.

The larger long-term benefit is often the Save Our Homes cap that comes with homestead, which limits yearly increases in assessed value. Broward's property appraiser reports that the average homesteaded owner there saved $4,909 in 2025 because of that cap.[3][4][5]

Could these amounts change for 2027?

Possibly. As of October 2026, a proposed constitutional amendment, Amendment 3, is on Florida's November 3, 2026 general election ballot and needs approval from at least 60% of voters. According to the Palm Beach County Property Appraiser, if approved it would take effect January 1, 2027 and raise the homestead exemption for non-school taxes to as much as $150,000 in 2027 and $250,000 in 2028, with inflation adjustments after that.

The school-tax exemption would stay at $25,000, and the annual assessment cap for certain non-homestead property would drop from 10% to 5%. Because it would start in 2027, it would not change 2026 bills. Check your county property appraiser's website after the election for the amounts that apply to your home.[6]