With 35 years as a full-time real estate broker, I've seen how legislative changes can ripple through our housing markets. A new proposal in Florida could significantly impact renters: it would expand the homestead exemption for primary residences, but at the same time, lower the assessed-value growth caps for non-homestead properties. That means rental properties—like apartments and single-family homes—could see higher tax bills. Projections suggest apartment owners might pay about $400 more in property taxes per year by 2028, while single-family rental homes could see increases of roughly $1,100, especially if local rates rise to offset these changes. If this scenario unfolds, the total tax burden on Florida residential rentals could jump around 14% by 2028, with the non-school portion climbing as much as 23%. Analysts anticipate that landlords may pass a significant portion of these costs on to tenants, and higher taxes could also affect new housing and affordable development projects. Florida voters will decide on this measure on November 3, 2026. Polls show support is currently below the 60% threshold required for approval. If it does pass, changes would take effect January 1, 2027.