As Florida debates property tax relief, a local official analyzed the potential impact on South Florida

Florida homeowners who have been lobbying for property tax relief may be closer to receiving it with a newly filed bill in Tallahassee.

Joseph Zamb, who works in real estate, said the ultimate goal should be to eliminate property taxes entirely for homesteaded properties. He believes this step would benefit both investors and homeowners.

“I think that the next step for South Florida, all of Florida, is to completely eliminate property taxes,” Zamb said. “You need to get the American dream back, buy a house, and not have to constantly be paying, paying, paying”.

The official bill calls for a $150,000 homestead exemption in 2027, followed by a $250,000 exemption in 2028. The legislature would then be tasked with creating a long-term plan for the following years.

Broward Property Appraiser Marty Kiar analyzed the potential impact based on 2025 property values. Kiar found that with the $150,000 exemption, the 425,000 homesteaded property owners in Broward would save about $2,100. However, this exemption would mean the county loses $195 million, and schools are down by $294 million. Kiar noted that the current version of the bill does not include a carve-out for schools.

“Whatever city you live in will depend on the loss of revenue to your city, based on how many homesteaded properties there are, how many commercial properties there are,” Kiar said.

The legislature is scheduled to hash out the details next week during a special session. If the bill passes, it would be presented to voters as a constitutional amendment for approval or rejection.

“At the end of the day, it’s going to be the most consequential vote that anybody is going to make if anything’s on the ballot in November, because it could potentially change the way things are done,” Kiar said.