Our Homestead Exemption Act for Real-estate Taxes and Housing (HEARTH) Act makes home ownership & first investments in Florida real estate easier for residents.
- Reduces tax burdens on homeowners, both existing and first-time buyers.
- Extends homestead exemption to a first investment property.
- Opens the pathway for Floridians to invest and grow their net worth in-state for future generations.
- +$50,000 increase in tax relief for Florida resident homeowners.
- +$100,000 homestead bonus for first‑time buyers.
- Lost taxable income offset by a 2% annual surcharge on individual & corporate investors with over 4 residential properties.
- Increased housing affordability and availability.
- Encourages bulk investors to release houses into the market.
- Rebalances the housing market statewide.
Expected homeowner savings of $41.5 billion over 10 years.
State funding estimated to increase $5–20.5 billion over 10 years.