The fifth of six proposed amendments to the Florida Constitution in the 2024 election would add language to the constitution to adjust the value of homestead exemptions, tying the changes to inflation.
The Florida Legislature placed the question on the ballot with a bill in this year’s session.
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Proposing an amendment to the State Constitution to require an annual adjustment for inflation to the value of current or future homestead exemptions that apply solely to levies other than school district levies and for which every person who has legal or equitable title to real estate and maintains thereon the permanent residence of the owner, or another person legally or naturally dependent upon the owner is eligible. This amendment takes effect January 1, 2025.
All voters will be asked to say “yes” or “no.” It takes 60% of the vote for any amendment to be added to the constitution.