Find out what your home value is and read about where the real estate market is going.

Florida Property Tax Reform 2026: What Homebuyers and Sellers Need to Know

Key Takeaways

  • Historic Exemption Increases: If passed, Amendment 3 will raise the non-school homestead exemption to $150,000 in 2027 and up to $250,000 in 2028, providing significant relief for permanent residents.
  • Changes for Newcomers and Investors: Out-of-state buyers relocating to Florida will face a five-year waiting period before qualifying for the full exemption, if purchasing after January 1, 2027, while non-homestead properties will see their annual assessment growth cap reduced from 10% to 5%.
  • Local Impact on Services: The reform may lead to substantial budget adjustments for local governments in Palm Beach and Broward counties, potentially…

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Florida flirting with the idea of getting rid of property taxes is the kind of headline that makes homeowners cheer and local governments break into a cold sweat.

But “Florida is eliminating property taxes” is not a done deal today. What’s happening right now is a push in Tallahassee to put a constitutional amendment on the November 2026 ballot that would phase out most non-school property taxes on homesteaded primary residences over time.

If you own (or want to buy) in Boca Raton, Delray Beach, or Highland Beach, this matters—because property taxes are a real monthly-carry-cost driver, and any major shift can impact demand, pricing, and even what it costs to sell.

What Florida Is Proposing: Eliminating Non-School Property Taxes on Homesteads

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Meta CEO and Facebook founder Mark Zuckerberg has officially joined the elite ranks of South Florida's most exclusive neighborhood. In a monumental real estate transaction, Zuckerberg and his wife, Priscilla Chan, have purchased a spectacular $170 million megamansion on Indian Creek Island, famously known as Miami's "Billionaire Bunker."

This historic purchase not only sets a new benchmark for luxury real estate in the region but also marks the most expensive residential real estate transaction ever completed in Miami-Dade County. As more high-net-worth individuals relocate to the Sunshine State, the South Florida luxury housing market continues to experience unprecedented growth, driven by unparalleled lifestyle offerings and highly favorable tax…

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As we step into 2025, the South Florida real estate market continues to stand out as a dynamic and highly desirable region for homebuyers, investors, and sellers alike. Cities like Boca Raton and Delray Beach remain at the forefront of the market, with their luxurious properties, vibrant communities, and year-round sunshine attracting buyers from across the country. This blog explores what to expect from the 2025 real estate market in South Florida, including market trends, investment opportunities, and expert predictions.

Overview of the South Florida Real Estate Market in 2024

The South Florida market, encompassing Boca Raton real estate, Delray Beach real estate, and neighboring areas like Fort Lauderdale and Palm Beach, demonstrated resilience…

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Understanding property taxes is crucial when buying a home in Palm Beach County, as taxes can increase significantly after a sale and vary based on the property’s location. This guide explains how taxes are reassessed upon property transfers, when those changes take effect, and how tax rates differ between properties inside and outside city limits.

How Property Taxes Are Assessed When a Property Transfers Ownership

When a property is sold, the Palm Beach County Property Appraiser resets its assessed value to just (market) value, which is typically close to the purchase price. The new owner’s taxable value is then determined based on Florida’s property tax rules.

1. When Does the Reassessment Happen?

  • The Palm Beach County Property…

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Understanding the Florida Homestead Exemption: A Guide for Homeowners

The Florida Homestead Exemption is a powerful tool that provides property tax relief and other legal protections to homeowners in the Sunshine State. This exemption can significantly reduce your annual property tax bill and offers benefits that extend beyond simple tax savings. If you're a Florida resident and own a primary residence in the state, understanding the homestead exemption is crucial.

What is the Florida Homestead Exemption?

The Florida Homestead Exemption is a property tax benefit available to homeowners who occupy their Florida property as their primary residence. Eligible homeowners can receive up to a $50,000 reduction in the assessed value of their home for tax…

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Which South Florida Real Estate Markets Offer the Best Investment and Protection for Investors?

South Florida boasts a rich tapestry of real estate markets, attracting local and international investors, retirees, entrepreneurs, and workers from across the U.S. This dynamic region, stretching from northern Palm Beach County to Miami Beach and Coral Gables, is a prime destination for those seeking lucrative and stable investment opportunities.

In today’s fluctuating global financial environment, savvy investors are prioritizing not just aesthetics or affordability but also wealth preservation and consistent income. With these goals in mind, here are the top South Florida neighborhoods that offer excellent protection for investors seeking long-term…

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Real Estate Market Predictions for 2024: When Will Home Prices Become Affordable Again?

The real estate market has been a hot topic of conversation for several years now. The pandemic, coupled with fluctuating mortgage rates and a tight housing inventory, has led to significant price increases across the U.S. As 2024 approaches, potential buyers and sellers are asking the million-dollar question: When will home prices become affordable again? Here, we break down the housing market predictions for 2024 and 2025, discuss the factors influencing home prices, and provide expert tips to navigate this competitive market.

The State of the Housing Market: A Cooling Period?

The housing market has yet to fully heat up this year, but changes are on the…

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Revamping Downtown Boca Raton: Enhancing Safety and Boosting Real Estate Value

Boca Raton’s Federal Highway is set for a transformation aimed at improving safety for pedestrians and cyclists while enhancing the overall appeal of Downtown Boca Raton. A 1.3-mile stretch from Camino Real to Northeast Mizner Boulevard will undergo significant changes, including wider sidewalks, buffered bike lanes, and a lower speed limit. These upgrades not only aim to improve pedestrian and cyclist safety but also align with the city’s "Complete Streets Policy," fostering a more walkable, bike-friendly environment in one of South Florida's most desirable urban centers.

The Florida Department of Transportation (FDOT) will oversee the project, which will see sidewalks…

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South Florida Oceanfront Condominiums

Florida's landscape of homeowners associations (HOAs) and condominium laws continues to evolve with new legislations set to affect how these entities operate and how real estate transactions are conducted. As we advance into 2024, understanding these new statutes is essential for real estate professionals, HOA members, and homeowners. This comprehensive guide will walk you through the recent changes, upcoming laws, and how they might impact you.

Key Changes to Condo and Homeowner's Associations in 2023

The year 2023 saw significant changes aimed at improving transparency and governance within HOAs and condominiums. One of the pivotal updates was the introduction of the "Homeowners Association Bill of Rights," which was designed to protect…

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