Florida’s Big Property Tax Shift | Panama City Beach News

Florida just passed Amendment Three, a major property tax overhaul set to dramatically boost homestead exemptions—rising from $50K to $150K by 2027 and then to $250K by 2028—potentially slashing taxes for millions of homeowners. Non-homestead properties will also see relief, with annual value increases capped at just 5% (down from 10%), easing tax burdens on landlords and businesses. While some counties may face revenue shortfalls, Governor DeSantis promises state budget surpluses will help bridge the gap. Residents can attend live Q&A sessions hosted by Rep. Abbott across Florida this fall to learn more and ask questions. This is a game-changing shift in how Florida taxes property. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/38677c0e54d57fb1