The Brief The Florida Legislature passed a proposal to reduce property taxes in the state, part of a special session convened by Florida Gov. Ron DeSantis. The amendment would up the homestead exemption to $150,000 in 2027, and $250,000 in 2028. It does not apply to school taxes. The proposal will be on the November ballot. State law requires 60% approval. TALLAHASSEE, Fla.