Doctors & Dentists: Waiting Until 2027 to Move to Florida Could Cost You
Florida's Proposed Property Tax Changes: Why Physicians and Dentists Considering a Move Should Pay Attention
For many physicians and dentists, relocating to Florida has long been about more than sunshine and year-round golf. The state's lack of a personal income tax, strong healthcare market, and attractive lifestyle have made it one of the most desirable destinations for doctors seeking both professional opportunities and long-term wealth preservation.
Now, a proposed constitutional amendment could add another compelling financial incentive for physicians considering a move.
A Historic Property Tax Proposal
In June 2026, the Florida Senate approved a proposed constitutional amendment that would significantly expand property tax relief for Florida homeowners. If approved by voters in November 2026, the measure would increase the homestead exemption on non-school property taxes to as much as $250,000.
For physicians and dentists purchasing primary residences in Florida—particularly those moving from high-tax states such as New York, New Jersey, Illinois, Massachusetts, or California—the potential savings could be substantial.
The proposal would:
Increase the homestead exemption to $150,000 beginning January 1, 2027
Increase the exemption to $250,000 beginning January 1, 2028
Index the exemption to inflation thereafter
Create a framework for additional future property tax relief
Why Timing Matters
One provision of the proposal could significantly impact physicians who are contemplating a move over the next several months.
Under the current language, Florida residents who establish residency and qualify for homestead status on or before December 31, 2026, would be eligible for the full enhanced exemption when it becomes available.
However, individuals establishing Florida residency after January 1, 2027, would initially receive only the standard $50,000 homestead exemption and would need to wait four years before qualifying for the full enhanced benefit.
For physicians and dentists nearing partnership, planning retirement, transitioning between hospital systems, joining a new practice, or exploring concierge medicine opportunities, the timing of a move could have long-term tax implications.
What About School Taxes?
An important distinction: the proposed exemption does not apply to school district taxes.
Homeowners would continue paying the property taxes that support local public schools. The enhanced exemption applies only to non-school property tax levies.
While this means property taxes would not disappear entirely, the proposal could still provide meaningful annual savings for homeowners.
Benefits for Physicians with Investment Properties and Second Homes
Many physicians and dentists own more than just a primary residence. Vacation homes, investment properties, and rental portfolios are common wealth-building strategies among high-income professionals.
The proposed amendment includes a provision that may benefit these owners as well.
Currently, non-homestead properties can see assessed values increase by up to 10% annually. The proposal would reduce that cap to 5%.
For physicians and dentists who own investment real estate, second homes, or future retirement properties, this could help slow the growth of taxable assessed values over time.
Florida's Growing Demand for Healthcare Professionals
Beyond the tax discussion, Florida continues to experience strong population growth, creating sustained demand for healthcare providers across nearly every specialty.
From Sarasota and Lakewood Ranch to Naples, Tampa, Orlando, and Jacksonville, healthcare systems continue expanding to serve growing communities and aging populations.
Many physicians and dentists relocating to Florida are finding:
Competitive compensation opportunities
Expanding healthcare networks
Lower overall tax burdens
Attractive lifestyle benefits
Strong luxury and waterfront housing markets
The proposed property tax changes may further strengthen the financial case for establishing residency sooner rather than later.
The Bottom Line
For physicians and dentists evaluating a relocation to Florida, this proposal represents more than a tax policy discussion—it may be a timing opportunity.
If approved by voters in November 2026, physicians and dentists who establish Florida residency before January 1, 2027, could position themselves to receive significantly greater property tax benefits than those who wait.
Whether you're relocating from the Northeast, leaving a high-tax state, preparing for retirement, or simply seeking a better balance between professional success and lifestyle, Florida continues to offer compelling advantages.
And with these proposed property tax changes on the horizon, the financial benefits of making the move may become even more attractive.
Reach out today!
Karianne Rose
Doctors on the Move Florida Founder
karianne@lwrhome.com
724-777-1518
