Houses..

 

Florida voters have approved sweeping property-tax breaks that could save homeowners thousands of dollars a year — but out-of-staters looking to cash in on the Sunshine State’s latest perk face a five-year catch.

Beginning in 2027, Florida homeowners who qualify for the state’s homestead exemption will be able to shield the first $150,000 of their home’s assessed value from most local property taxes, up from $50,000 today. That tax-free portion will rise to $250,000 in 2028 and increase with inflation beginning in 2029.

As The Post previously reported, wealthy New Yorkers helped fuel a dramatic surge in Palm Beach property prices, with the median listing price nearly doubling between September 2019 and January 2025.

Comment:

Florida recently expanded its homestead exemption via Amendment 3 (passed in November 2026), while New York continues to target second-home and non-primary property owners with higher assessments and surcharges.   Just a thought.