Housing — Homestead Exemeption Act for Real-estate Taxes and Housing (HEARTH) Act

Housing you can afford.

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.

HEARTH illustration