FL S1774

Increases homestead property tax exemption for non-school district levies from $75,000 to $100,000 in assessed value.

Homestead owners continue to receive a full exemption on the first $25,000 of assessed value and a partial exemption on assessed value between $50,000 and the increased cap.

Amendment takes effect January 1, 2019, if approved by voters at the next general election or earlier special election.

Exemption applies to homestead properties held by individuals, families, or indirectly through stock ownership in corporations with leasehold interests exceeding 98 years.

Does not change existing exemptions for renters, seniors age 65 and older with limited income, veterans with service-connected disabilities, or surviving spouses of service members and first responders.