Before you decide to wait until the 2027 season to buy your Florida Keys Paradise Home, there’s a December 31, 2026 deadline you need to understand. Amendment 3 passed. Qualifying homeowners who establish permanent Florida residency by December 31, 2026, can receive a homestead exemption for non-school property taxes of:

·        $150,000 in 2027.

·        $250,000 in 2028, with inflation adjustments afterward.   That means more of your home’s assessed value is exempt from those taxes… potentially lowering your annual cost of ownership.

Establish residency after that deadline? The bigger exemption doesn’t begin until your FIFTH year of receiving homestead exemption. You receive the smaller benefit during the first four years.

If your first homestead-exemption year is 2028, you’re waiting until 2032 for the larger benefit.

Closing alone isn’t enough… you must establish permanent Florida residency by December 31 and meet the ownership, residency and filing requirements for homestead.

So why wait? Contact us now!