Property Tax Amendment Impact on County Budgets
Summary
If voters pass the pending constitutional amendment, Marion County's taxable value could drop from $38 billion to $13.7 billion in two years, making it nearly impossible to service a $140 million bond. Bond counsel recommends removing the fixed millage from the ballot language to keep flexibility.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Last discussed Jul 15, 2026.
Impact analysis
Potential loss of billions in taxable value — county revenue from the 0.3-mill levy would fall from $11.4M to $4.1M within three years.
Homesteaded homeowners would see big property tax savings if the amendment passes.
The county and every service it funds — parks, public safety, roads — would face a shrunken tax base.
Mentions & discussions (5)
Board of County Commissioners Workshop — July 15, 2026
The property appraiser walked through how the proposed $150,000/$250,000 homestead exemptions would work — homesteaders keep Save Our Homes, school taxes and assessments stay, and the tax burden shifts to renters, businesses and non-homestead owners. Big financial stakes for the county's ability to fund services.
Board of County Commissioners Workshop — July 14, 2026
Commissioners flagged an estimated $21 million budget hole and the possibility of a statewide property tax amendment passing in November. Every general fund department has been asked to prepare a plan to cut 15 percent, and commissioners want departments to distinguish needs from wants before final adoption.
Board of County Commissioners Workshop — July 13, 2026
The proposed homestead exemption reform on the November ballot could cut $89 million from Marion County revenues over two years. Homesteaded homeowners would pay less, while commercial and investment property owners would shoulder more, and services from deputies to parks face potential cuts or fee increases.
Board of County Commissioners Workshop — July 2, 2026
If voters pass the pending constitutional amendment, Marion County's taxable value could drop from $38 billion to $13.7 billion in two years, making it nearly impossible to service a $140 million bond. Bond counsel recommends removing the fixed millage from the ballot language to keep flexibility.
Board of County Commissioners — June 16, 2026
The Clerk warned that Tallahassee's joint resolutions — especially statutory 4F — will change how the county calculates its rollback rate and will hit this year's budget, not just future ones. A workshop is set for July 13.
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