Florida S270: Homestead Property Exemption for Persons Age 65 or Older

What the bill says

A joint resolution proposing an amendment to Section of Article VII and the creation of a new section in Article XII of the State Constitution to create a total exemption of homestead property from ad valorem taxation, other than school district levies, for persons 65 years of age or older who have owned and maintained the property as their permanent residence for at least 5 years and whose household income does not exceed a certain amount, adjusted annually by the cost-of-living index, and to provide an effective date.

From the introduced text, October 23, 2025:

A joint resolution proposing an amendment to Section of Article VII and the creation of a new section in Article XII of the State Constitution to create a total exemption of homestead property from ad valorem taxation, other than school district levies, for persons 65 years of age or older who have owned and maintained the property as their permanent residence for at least 5 years and whose household income does not exceed a certain amount, adjusted annually by the cost-of-living index, and to provide an effective date. Be It Resolved by the Legislature of the State of Florida: That the following amendment to Section 6 of Article VII and the creation of a new section of Article XII of the State Constitution are agreed to and shall be submitted to the electors of this state for approval or rejection at the next general election or at an earlier special election specifically authorized by law for that purpose: ARTICLE VII FINANCE AND TAXATION SECTION 6. Homestead exemptions.-- (a)(1) Every person who has the legal or equitable title to real estate and maintains thereon the permanent residence of the owner, or another legally or naturally dependent upon the owner, shall be exempt from taxation thereon, except assessments for special benefits, as follows: a. Up to the assessed valuation of twenty-five thousand …