Landmark Signature Realty

Florida's property tax vote is now official, and it is on your November ballot.

On June 2, the Legislature passed a constitutional amendment that, if 60 percent of voters approve it, raises the homestead exemption to 150,000 dollars in 2027 and 250,000 in 2028 on the non-school part of your bill. School taxes stay. The non-homestead cap drops from 10 to 5 percent.

The catch for newcomers: anyone who becomes a Florida resident after December 31, 2026 only gets the current exemption for their first five years.

Nothing on your bill changes before the vote. But if you own in Palm Beach, Broward, or Miami-Dade and you are thinking about selling, the timing conversation is worth having now. Full breakdown for all three counties at the link:
https://www.landmarksignaturerealty.com/blog/florida-property-tax-amendment-2026

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Florida's property tax picture changed this week. A special session starts Monday, June 1, and the proposal on the table would raise the homestead exemption to 250,000 dollars on primary residences. The state estimates that would mean zero property tax for about 60 percent of homeowners.

Important part most posts skip: nothing has changed yet. Homeowners in Palm Beach, Broward, and Miami-Dade still pay current rates in 2026, and it only applies to primary homesteaded homes, not second homes or rentals.

If you have been waiting to list, this is worth understanding. Lower carrying costs plus tight tri-county inventory usually push prices up. We broke down the full timeline and what it means for sellers.

https://www.landmarksignaturerealty.com/blog/florida-property-tax-amendment-2026

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Florida's property tax amendment heads to a summer special session and the November ballot.

Most coverage frames this as "homeowner wins." The honest read for tri-county sellers and buyers is more interesting. The amendment, if it passes, could actually make Palm Beach, Broward, and Miami-Dade inventory tighter, not easier. Long-tenure homestead owners already have Save Our Homes protection. Add a near-zero non-school tax burden on top, and the math of staying put gets stronger.

Full analysis, timeline, and FAQ on the Landmark Signature Realty blog: https://www.landmarksignaturerealty.com/blog/florida-property-tax-amendment-2026

Three concurrent changes hit South Florida real estate this month, and together they reshape the math for almost every buyer and seller in Palm Beach, Broward, and Miami-Dade.

The 30-year mortgage rate spiked to 6.665% after April inflation. Citizens Property Insurance approved its first tri-county rate cut in over a decade, with savings of 11.9% to 14.1% effective July 1. And Fannie Mae's August 3 elimination of Limited Review tightens condo financing across 2,376 of the 2,397 buildings in the region.

The next 75 days are when most of the math gets decided. Full breakdown for sellers and buyers on the LSR blog.

https://www.landmarksignaturerealty.com/blog/south-florida-housing-market-may-2026

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Palm Beach County's average home price just crossed $1 million for the first time. Ever.

That is not a typo.
Q1 2026 data confirmed it: an average sale price of $1,025,233, up 11% year-over-year.

Meanwhile, inventory is shrinking, new listings are down by double digits, and Citizens insurance cuts, taking effect June 1, are adding real purchasing power for buyers across all three counties.

If you have been sitting on the fence about selling, the window is open right now. Family buyers are making their school-year decisions in the next few weeks.

Full breakdown in the blog: https://www.landmarksignaturerealty.com/blog/south-florida-home-prices-record-highs-sellers-2026