The Florida House of Representatives has proposed several House Joint Resolutions (HJR) that would significantly reduce or eliminate non-school property taxes, especially for homesteaded properties and seniors. While intended to provide tax relief, these proposals would substantially decrease municipal revenue needed to fund police, fire-rescue, parks, roads, infrastructure, social services, and capital improvements.
We’ve created this page to help you understand how these legislative proposals — and any future property tax changes — could impact the City of Miramar’s revenues and its ability to fund the services residents rely on every day.
If approved, the homestead property tax exemption increases from $50,000 to $150,000, beginning January 1, 2027 and further increase the exemption to $250,000 beginning January 1, 2028. It will also reduce the largest local revenue source and the cap on annual assessment increases for non-homestead properties from 10% to 5%. Such reductions would impact City programs and services funded by property tax, like:
The projected annual revenue loss in year one is $19M!
Leave Your Questions Here!