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Santa Rosa County government

An estimate of how Amendment 3's larger homestead exemption could change Santa Rosa County government's ad valorem property tax revenue, based on 2026 property values and final 2026 tax rates.

These are estimates, not forecasts. They hold today's values and tax rates constant to show the effect of the new exemption by itself. Property values, the number of homesteads and tax rates will all change. Property taxes are also not the only source of revenue for Santa Rosa County government. Read the full list of limitations below.

Illustrative estimates only. These figures are meant to illustrate how Amendment 3 could affect Santa Rosa County government based on current data. They are not official. For official information about the county's budget, tax rates and revenue, contact Santa Rosa County government directly. For official property values and exemptions, contact the Santa Rosa County Property Appraiser.

Key figures

This page covers the two operating property taxes Santa Rosa County government levies in the final 2026 millage table, grouped by where they apply: the countywide levy (3.8850 mills, paid throughout Santa Rosa County, inside and outside cities) and the sheriff law enforcement levy (2.0700 mills, paid in unincorporated Santa Rosa County and in the Town of Jay).

2026 county ad valorem revenue$103.7 millionAll county levies, 95% of a combined gross levy of $109.1 million
2028 estimate$69.1 millionWith homestead assessed values rising by up to 3% a year, capped at just value
Estimated change by 2028−$34.6 million−33.4% from 2026. If homestead values stay flat: −$35.9 million (−34.7%)
Homesteads countywide55,54645.1% of 123,267 parcels

Countywide levy (3.8850 mills)

Paid on taxable property throughout Santa Rosa County, inside and outside cities. Estimated change by 2028: −$23.1 million (−32.9%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.

YearHomestead taxable valueOther taxable valueTotal taxable valueGross levyBudget basis (95%)Change from 2026 (95%)Percent change
2026$8,953,696,035$10,061,325,185$19,015,021,220$73,873,357$70,179,690——
2027 (estimate)$5,101,685,408$10,061,325,185$15,163,010,593$58,908,296$55,962,881−$14,216,808−20.3%
2028 (estimate)$2,690,903,879$10,061,325,185$12,752,229,064$49,542,410$47,065,289−$23,114,400−32.9%

If homestead assessed values stay at 2026 levels

YearHomestead taxable valueOther taxable valueTotal taxable valueGross levyBudget basis (95%)Change from 2026 (95%)Percent change
2026$8,953,696,035$10,061,325,185$19,015,021,220$73,873,357$70,179,690——
2027 (estimate)$4,903,014,420$10,061,325,185$14,964,339,605$58,136,459$55,229,636−$14,950,053−21.3%
2028 (estimate)$2,443,119,029$10,061,325,185$12,504,444,214$48,579,766$46,150,777−$24,028,912−34.2%

Sheriff law enforcement (2.0700 mills)

Paid on 115,761 parcels in unincorporated Santa Rosa County and in the Town of Jay. Estimated change by 2028: −$11.5 million (−34.3%). Homestead assessed values rise by up to 3% a year (never above each home's just value); all other property stays at its 2026 taxable value.

YearHomestead taxable valueOther taxable valueTotal taxable valueGross levyBudget basis (95%)Change from 2026 (95%)Percent change
2026$8,027,439,262$9,010,405,091$17,037,844,353$35,268,338$33,504,921——
2027 (estimate)$4,439,214,903$9,010,405,091$13,449,619,994$27,840,713$26,448,678−$7,056,243−21.1%
2028 (estimate)$2,176,256,096$9,010,405,091$11,186,661,187$23,156,389$21,998,569−$11,506,352−34.3%

If homestead assessed values stay at 2026 levels

YearHomestead taxable valueOther taxable valueTotal taxable valueGross levyBudget basis (95%)Change from 2026 (95%)Percent change
2026$8,027,439,262$9,010,405,091$17,037,844,353$35,268,338$33,504,921——
2027 (estimate)$4,264,421,311$9,010,405,091$13,274,826,402$27,478,891$26,104,946−$7,399,975−22.1%
2028 (estimate)$1,967,396,862$9,010,405,091$10,977,801,953$22,724,050$21,587,848−$11,917,073−35.6%

What drives the estimate

As with the cities and towns, the size of the change depends mostly on how much of the taxable value comes from homesteads. Property without a homestead exemption, such as rentals, businesses, second homes and vacant land, keeps its taxable value under the amendment.

Countywide, homesteads make up 47.1% of the taxable value for the countywide levies in 2026. Within the sheriff law enforcement area, they make up 47.1%, so the estimated percentage change for that levy is larger. Among the three cities and towns that levy a property tax, the homestead share ranges from 9.0% to 56.3%.

The table below shows where the change in the countywide taxable value comes from. Unincorporated Santa Rosa County has 89.3% of the county's taxable value and accounts for an estimated 93.4% of the change. The City of Gulf Breeze has 7.2% of the county's taxable value and accounts for an estimated 4.1% of the change.

AreaCounty taxable value, 2026Share of county taxable valueHomestead share of area's taxable valueChange in area's taxable value by 2028Share of countywide change
Unincorporated Santa Rosa County$16,985,051,77189.3%47.2%−34.4%93.4%
City of Gulf Breeze$1,363,097,3167.2%56.3%−18.8%4.1%
City of Milton$614,079,5513.2%25.8%−25.2%2.5%
Town of Jay$52,792,5820.3%9.0%−8.7%0.1%

Estimates use homestead assessed values rising by up to 3% a year, capped at just value. Areas are based on each parcel's tax district.

Property taxes are one of several revenue sources

Florida counties also receive money from other sources. Depending on the county, these can include state revenue sharing, the local government half-cent sales tax, local option sales and fuel taxes, communications services taxes, non-ad valorem assessments, franchise fees, charges for services, and state and federal grants. The mix differs from county to county. Santa Rosa County's adopted budget shows its full set of revenue sources and how much each provides.

The water management district and the School Board levy their own property taxes. They are separate taxing authorities and are not included on this page.

Limitations of these estimates

Sources and method

Property values and exemptions: The Santa Rosa County Property Appraiser's 2026 final tax roll, as published by the Florida Department of Revenue. Tax rates: the Property Appraiser's 2026 millage rates by tax district. Parcel tax districts: the tax district codes on the same tax roll.

For each homestead, the estimated taxable value is its assessed value minus the new homestead exemption ($150,000 in 2027, $250,000 in 2028) and any other exemptions, but not less than zero. The gross levy is total taxable value times the millage rate, for the parcels where each levy applies. The budget basis is 95% of the gross levy.

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