Lawmakers on Tuesday approved a sweeping tax cut for homestead property owners pushed by Gov. Ron DeSantis, sending it to the November ballot.
The measure increases the existing $50,000 exemption for homestead properties to $150,000 starting in 2027, and it increases to $250,000 in 2028. The exemption, though, doesn’t apply to school taxes, after lawmakers changed DeSantis’ plan Monday to protect districts from drastic cuts.
