Florida Launches Tax Calculator as Property Tax Plan Advances, June 02

Florida unveiled a new online calculator on June 1 to help homeowners estimate tax savings under Gov. DeSantis’ property tax proposal. The plan would raise the homestead exemption from $50,000 to $150,000 in 2027 and $250,000 in 2028. Lawmakers are voting this week, and if approved, voters would decide in November. Local governments warn the cuts could cost hundreds of millions in revenue.

How the Calculator Works and What It Shows

The state’s new “Save Our Homes” website lets Florida residents enter their 2025 property tax bill to see potential savings. One Volusia County homeowner discovered she could save $2,700 annually. The calculator estimates based on the proposed $250,000 exemption, which DeSantis says would eliminate property taxes entirely for about 60% of homeowners with homesteaded properties.

What Lawmakers Changed From the Governor’s Plan

The Senate and House versions no longer match DeSantis’ original proposal. Lawmakers carved out protections for school funding taxes and removed a state trust fund meant to backfill money for struggling counties. The Senate Appropriations Committee approved the revised bill along party lines on June 1, but Democrats complained the measure was rushed through without financial analysis. Republican Sen. Tom Wright said his staff received 1,282 calls against the plan.

Local Governments Face Massive Revenue Losses

Jacksonville officials estimate the city could lose more than $300 million in revenue. Miami-Dade County projects losses of $386 million in 2027 and $697 million over two years. Seminole County would lose 47% of its revenue, or $409 million. Local officials warn the cuts could jeopardize police, fire, parks, and schools. A policy group also warns rents could rise if local governments shift taxes to non-homestead properties like rental units.

Questions About the Numbers and Timeline

PolitiFact found DeSantis’ claim that 60% of homeowners would be exempt does not match state data. September 2025 records show only 28% of homestead properties are valued at $250,000 or below. At $500,000, about 76% of properties would qualify, not the 92% DeSantis claimed. The Legislature must now vote on the revised bill, and if approved, voters decide in November. If voters approve, the changes would take effect in the 2027 tax year.

Final Thoughts

The calculator gives homeowners a tool to estimate savings, but the plan’s rushed rollout and conflicting numbers raise red flags. Local governments face steep revenue cuts that could force service reductions unless lawmakers find new funding sources before the November vote.

FAQs

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.