Florida House moves to cap property tax hikes — and voters say insurance relief comes first
29 January 2026
2 mins read

Florida House moves to cap property tax hikes — and voters say insurance relief comes first

TALLAHASSEE, Florida, Jan 29, 2026, 01:07 EST

  • Florida’s House Ways & Means Committee pushed forward HJR 213, a proposal aimed at slowing the growth of assessed values that determine most local property taxes.
  • House staff analysis cautioned that if voters approve the change, local non-school property tax revenue could decline in fiscal 2027-28.
  • Maui County announced that the second installment of its fiscal 2025–26 real property taxes must be paid by Feb. 20, with late fees applied to any outstanding amounts.

On Tuesday, Florida’s House Ways & Means Committee moved forward a proposed constitutional amendment aimed at overhauling the state’s “Save Our Homes” rules. The change would slow the increase in taxable property values that fund most local taxes.

Lawmakers are acting fast amid homeowner complaints that soaring assessed values are driving bills even higher, on top of climbing insurance costs. The House is pushing property-tax relief as a major measure, aiming to enshrine it in the state constitution rather than just adjusting it through regular legislation.

If it makes the ballot and wins approval, the shift would reshape budgets for counties, cities, and special districts depending on value-based property taxes. Supporters hail it as relief; critics warn it could trigger cuts or push costs onto renters and businesses.

House Joint Resolution 213 proposes moving most county and city property assessments for non-school taxes onto a three-year schedule, though school district taxes would remain annual. The measure would cap assessed value increases on homesteaded primary residences at 3% over three years—or the rate of inflation if it’s lower. Non-homestead properties, including rentals and commercial buildings, would be limited to a 15% increase during that timeframe.

Sponsor Rep. Griff Griffitts, a Republican from Panama City Beach, said local governments will need to “prioritize” their spending but insisted, “We’re not cutting anybody’s ability to operate.” On the other side, Democrat Robin Bartleman of Weston criticized lawmakers as “part of the problem” after years of state mandates, warning counties could be left strapped for options. Meanwhile, Gov. Ron DeSantis has pushed for lawmakers to put a tax-cut amendment before voters this year. 1

The House is pushing proposals to phase out non-school taxes on homesteads over about ten years and to increase the homestead exemption for insured property owners. The Senate, however, has yet to present its own property-tax plan.

Fiscal calculations remain uncertain and could hit local budgets hard. A nonpartisan staff report projects a $1.7 billion cash shortfall in local non-school property taxes for fiscal 2027-28, with a recurring $5.2 billion loss if current tax rates hold. The analysis also warned of additional pressure from limiting “recapture,” a mechanism that allows assessed values to climb toward market value even when the market dips. 2

The resolution requires a three-fifths majority approval in both chambers to pass the Legislature, followed by at least 60% voter support statewide in the November 2026 election. It’s set to go into effect on Jan. 1, 2027.

A Mason-Dixon poll commissioned by the Florida Policy Institute shows 63% of Florida voters want lawmakers to focus on property insurance relief rather than property tax relief, which 32% preferred. “Families here are feeling the squeeze,” said FPI CEO Sadaf Knight. The telephone survey of 625 registered voters took place Jan. 8-12, with a margin of error of plus or minus 4 percentage points. 3

The House calendar listed HJR 213 for second reading on Wednesday, moving it closer to floor debate. Other related House resolutions propose scrapping or gradually phasing out non-school property taxes on homesteads, along with one addressing property insurance. 4

Maui County in Hawai‘i has alerted property owners that the second installment of fiscal 2025–26 real property taxes must be paid by Feb. 20. According to the county finance department, missed payments will incur a one-time 10% penalty plus 1% monthly interest on any outstanding balance. 5

The battles vary in specifics, but the core issue remains unchanged: housing costs are tightening budgets across the board, both public and private. Tax relief, much like insurance relief, is edging into election-year politics.

Stock Market Today

BAE Systems share price rises into weekend — what to watch before Monday’s London open

BAE Systems share price rises into weekend — what to watch before Monday’s London open

7 February 2026
BAE Systems shares closed up 1.2% at 1,879 pence on Friday, tracking gains in European defence stocks. The company’s market value stands near £54.8 billion. Investors await BAE’s full-year results on Feb. 18 for updates on cash returns and orders. GXO Logistics renewed and expanded its contract to support BAE’s Type 26 frigate program in Scotland.
Barclays share price jumps into earnings week as BoE rate-cut bets shift the story

Barclays share price jumps into earnings week as BoE rate-cut bets shift the story

7 February 2026
Barclays shares closed up 2.7% at 479.1 pence on Friday, outperforming the FTSE 100 ahead of next week’s full-year results. Trading volume was 18.8 million shares, well below the 50-day average. A split Bank of England vote on rates led traders to price in more UK rate cuts, sending sterling down 0.6%. Barclays announced non-executive director Mary Francis will retire in May.
Lloyds share price steadies after buyback update and BoE rate jitters — what to watch next week

Lloyds share price steadies after buyback update and BoE rate jitters — what to watch next week

7 February 2026
Lloyds shares closed up 0.9% at 106.75 pence Friday after the bank announced fresh buybacks totaling 17 million shares over two days, all to be cancelled. The stock rebounded from a 5.6% drop Thursday as traders adjusted UK rate-cut bets. About 121 million Lloyds shares changed hands. Investors await the bank’s annual report on February 18 and the next Bank of England decision March 19.
Why Sensex is falling today: Fed pause, rupee record low and Budget nerves hit Nifty
Previous Story

Why Sensex is falling today: Fed pause, rupee record low and Budget nerves hit Nifty

CSL share price slips as Vanguard lifts stake to 6% — what investors watch before February results
Next Story

CSL share price slips as Vanguard lifts stake to 6% — what investors watch before February results

Go toTop