Florida is moving to wipe out most property taxes for homeowners, good news for retirees and middle-class owners but a worry for cities that fund local services.

• Florida voters will decide in November 2026 on a $250,000 homestead exemption that would erase the non-school part of property taxes for many homes.
• The exemption phases in: $150,000 in 2027, $250,000 in 2028, with reviews to raise it further after 2029.
• School and infrastructure taxes stay; the pitch is lower taxes without cutting services, paid for by sales tax and tighter state spending.
• Local officials like Orange County's mayor warn it could gut funding for police, fire, and other essential services.
• Colorado, Georgia, Kansas, Montana, North Carolina, and Pennsylvania are weighing similar cuts as people keep leaving high-tax states like New York and California for Florida and Texas.

Outlook: If voters approve it by the needed 60%, Florida homeowners get a big tax break starting 2027, though cities will fight over lost revenue.