Printable cheat sheet

    Florida homestead exemption cheat sheet

    The 2026 homestead figures, the school versus non-school split, and the Save Our Homes cap. Built for homeowners and for the Florida exam taxes topic.

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    First exemption$25,000

    Reduces every property tax, including school district taxes.

    Additional exemption (2026)$26,411

    Value above $50,000, non-school taxes only. Inflation-adjusted under Amendment 5.

    Maximum total (2026)$51,411

    For assessed values high enough to receive the full additional exemption. School base still cut by $25,000 only.

    Save Our Homes cap (2026)2.7%

    Assessed value rises at most the lower of 3 percent or inflation each year.

    PortabilityUp to $500,000

    Eligible owners may transfer Save Our Homes savings to a new Florida homestead if timely filed.

    Exam round numbers$25,000 + $25,000

    Use only when a practice or exam-style stem gives a flat $25,000 additional exemption.

    How to calculate the savings

    1. Start with the assessed (Save Our Homes) value, not the market value.
    2. Subtract the $25,000 first exemption for both school and non-school taxable value.
    3. Subtract the additional exemption (2026: $26,411) from non-school taxable value only, for value above $50,000.
    4. Apply school millage to the school taxable value and non-school millage to the non-school taxable value.
    5. Savings equals tax at this assessed value before homestead exemptions minus tax with homestead.

    Traps to check

    1. Do not apply the additional exemption to school taxes. It is non-school only.
    2. Do not give the additional exemption on value at or below $50,000.
    3. Do not use a flat $25,000 additional exemption for 2026. The adjusted figure is $26,411.
    4. Do not treat the 3 percent Save Our Homes cap as fixed. The 2026 cap is 2.7 percent.
    5. Do not apply CS/HJR 1-F to 2026 calculations. It would start January 1, 2027 if approved by voters.
    Practice the patternPass Florida drills homestead, millage, and taxable value.

    Use the calculator, the taxes topic practice, and 1,002 Florida-specific questions in the Pass Florida app.

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    Sources reviewed June 20, 2026: Florida Department of Revenue homestead guidance, additional exemption CPI adjustment, and Save Our Homes tables revised January 2026; currently published 2025 Florida Statutes 196.031 and 193.155; Florida Constitution Article VII, Sections 4 and 6; DBPR Sales Associate Candidate Information Booklet; and Florida Senate CS/HJR 1-F. Figures are recalculated each January, so verify the current tax-year figures with your county property appraiser. For planning and exam prep only, not legal, tax, appraisal, or county eligibility advice.

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