Florida voters approved Amendment 5, a change to the state constitution affecting the property tax system. The impacts are wide-ranging for homeowners and local governments. The amendment provides additional property tax relief, particularly for residents who claim a homestead exemption on their primary residence. How Inflation Impacts the Homestead Exemption More than 66 percent of Florida voters approved the measure, which links one of the Read More » Continue reading Property Tax Relief: Homestead Exemption to Rise with Inflation in 2025