Florida Amendment 1, the Homestead Exemption Increase Amendment, is on the ballot in Florida as a legislatively referred constitutional amendment on November 6, 2018.
| A “yes” vote supports exempting the portion of home values between $100,000 and $125,000 from property taxes other than school taxes, bringing the maximum homestead exemption up to $75,000. |
| A “no” vote opposes exempting the portion of home values between $100,000 and $125,000 from property taxes other than school taxes, keeping the maximum homestead exemption at $50,000. |
Amendment 1 would provide for a homestead exemption on the portion of home values between $100,000 and $125,000, meaning the $25,000 between $100,000 and $125,000 of a home’s value would be exempted from property taxes other than school district taxes. As of 2018, Section 6(a) of Article VII of the Florida Constitution provides for a homestead exemption on the portion of home values between (a) $0 and $25,000 and (b) $50,000 and $75,000.[1] If voters approve Amendment 1, the homestead exemption for a home valued at $200,000 would be $75,000. If voters reject Amendment 1, the homestead exemption for a home valued at $200,000 would remain at $50,000
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