Florida homeowners may get a major tax break — but there’s a catch for newcomers

Florida homeowners could see a significant tax reduction thanks to a new constitutional amendment championed by Governor DeSantis, set to appear on the November 2026 ballot. While long-term residents stand to benefit substantially from lower property taxes, newcomers face a five-year waiting period before they can qualify for the tax break, potentially impacting housing market dynamics. This move highlights ongoing efforts to make Florida more attractive for property owners, but it also raises questions about the state's approach to housing affordability and accessibility for new residents.