S274 is a bill in the Florida Legislature (2026 Regular Session): Homestead Property Tax Benefits for Long-term Owners.

What is the status of S274?

Failed as of March 13, 2026. Latest action: Died in Finance and Tax (March 13, 2026).

Bernard, Mack (D, SD-024), with 3 co-sponsors.

Where is the official record for S274?

On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/274

Florida legislation · 2026 Regular Session

Florida S274: Homestead Property Tax Benefits for Long-term Owners

Q: What does S274 do?

In its own words: A joint resolution proposing amendments to Sections and 6 of Article VII and the creation of a new section in Article XII of the State Constitution to provide that the assessed value of homestead property may not increase after 20 years of ownership and residency, to provide an additional homestead tax exemption equal to 50 percent of the assessed value of property, other than school district levies, for persons who have owned and resided on the property as their permanent residence for 30 years or more, and to provide an effective date.

Status: Failed, March 13, 2026

Proposing amendments to the State Constitution to provide that the assessed value of homestead property may not increase after 20 years of ownership and residency, to provide an additional homestead tax exemption equal to 50 percent of the assessed value of property, other than school district levies, for persons who have owned and resided on the property as their permanent residence for 30 years or more, and to provide an effective date, etc.

What the bill says

A joint resolution proposing amendments to Sections and 6 of Article VII and the creation of a new section in Article XII of the State Constitution to provide that the assessed value of homestead property may not increase after 20 years of ownership and residency, to provide an additional homestead tax exemption equal to 50 percent of the assessed value of property, other than school district levies, for persons who have owned and resided on the property as their permanent residence for 30 years or more, and to provide an effective date.

From the introduced text, October 23, 2025:

A joint resolution proposing amendments to Sections and 6 of Article VII and the creation of a new section in Article XII of the State Constitution to provide that the assessed value of homestead property may not increase after 20 years of ownership and residency, to provide an additional homestead tax exemption equal to 50 percent of the assessed value of property, other than school district levies, for persons who have owned and resided on the property as their permanent residence for 30 years or more, and to provide an effective date. Be It Resolved by the Legislature of the State of Florida: That the following amendments to Sections 4 and 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 4. Taxation; assessments.--By general law regulations shall be prescribed which shall secure a just valuation of all property for ad valorem taxation, provided: (a) Agricultural land, land producing high water recharge to Florida's aquifers, or land used exclusively for noncommercial recreational purposes may be classified by general law and assessed …

Florida S274: Homestead Property Tax Benefits for Long-term Owners

What the bill says

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