WeVote
Log In

Bill

Bill

HB 6027

Homestead Assessment Limitation Transfer

2026 Regular Session Introduced by Tom Fabricio

Allows Florida homeowners to transfer capped property tax assessments (3% annual increase) to newly purchased primary residences, potentially reducing relocation costs but decreasing local government revenues.

1st Reading (Original Filed Version)
#subjectindex
0
WeVote Research Nonpartisan
Bill Summary · HB 6027

Legislative bill overview

HB 6027 proposes to allow Florida homeowners to transfer their homestead property tax assessment limitation to a new primary residence. Currently, Florida's homestead exemption caps annual assessment increases at 3%, but this benefit does not transfer when a homeowner sells and purchases a different home. This bill would preserve that tax advantage across property transitions.

Why is this important

Homestead assessment limitations directly affect property tax bills for primary residence owners. Allowing transfers could make relocating more financially feasible for existing homeowners, particularly retirees and long-term residents, while potentially affecting local government tax revenue. This addresses a significant disparity where new homeowners in the same neighborhood pay substantially higher taxes based on current market value rather than assessed value.

Potential points of contention

  • Revenue impact: Local governments, schools, and taxing districts could experience reduced revenue if assessment caps transfer, potentially affecting public services and infrastructure funding
  • Market fairness: New residents purchasing homes would face higher tax burdens than relocated long-term residents in identical properties, creating horizontal equity concerns
  • Implementation complexity: Determining eligibility, tracking transfers across counties, and preventing abuse would require administrative infrastructure and oversight mechanisms

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.