FL H0207

Adds a new homestead exemption equal to 25% of the remaining assessed value after applying existing exemptions, applicable to all property tax levies except school district levies

Existing exemptions remain unchanged: up to $25,000 on all levies, plus $25,000 on non-school levies for assessed values between $50,000 and $75,000

Requires the existing $25,000 non-school exemption to be adjusted annually for inflation based on the Consumer Price Index

Prohibits counties and municipalities from reducing total law enforcement funding below the higher of their 2025-2026 or 2026-2027 budgeted amounts, regardless of any revenue loss from the new exemption

Amendment would take effect January 1, 2027 if approved by voters at the November 3, 2026 general election