Overview
- The Legislature approved HJR 1-F / SJR 2-F and voted to place the amendment on the Nov. 3, 2026 ballot after the House passed it 75-26 and the Senate 30-9 on Tuesday.
- Under the proposal homestead exemptions for non‑school property taxes rise to $150,000 on Jan. 1, 2027 and to $250,000 on Jan. 1, 2028 with future increases tied to inflation.
- Lawmakers changed the governor’s original draft to exempt school levies, preserve funding for county constitutional officers, remove a proposed state trust fund, and direct the Legislature to create a timetable toward full elimination of non‑school homestead taxes.
- Analyses and House staff estimate the change could reduce non‑school local revenue by roughly $4.6 billion to as much as $8.4 billion annually, prompting warnings that cities and counties may cut services, raise fees, or shift taxes.
- The vote launches an intense statewide campaign season this summer and fall where supporters will frame the measure as homeowner relief and opponents — including municipal groups and many Democrats — will argue it risks local budgets and public safety; the amendment must win at least 60% of votes to take effect.