FL H0201

Homestead properties would be exempt from all ad valorem (property) taxes except school district levies, effective January 1, 2027, if approved by voters on November 3, 2026

Removes the existing partial homestead exemption structure that exempted only $25,000 of assessed value from all taxes and an additional $25,000 (on value between $50,000-$75,000) from non-school taxes

Eliminates optional local government exemptions for seniors age 65+ with household income under $20,000, and long-term senior homeowners with property values under $250,000

Counties and municipalities prohibited from reducing total law enforcement funding below the higher of their 2025-2026 or 2026-2027 budgeted amounts, beginning with the 2027-2028 fiscal year

Requires voter approval as a constitutional amendment to Article VII (Finance and Taxation), Article VIII (Local Government), and Article XII (Schedule) of the Florida Constitution