Yes, indeed, the tax reform legislation (if passed) with the super homestead exemption will indeed help our real estate market throughout the sunshine state. However, and as others have mentioned, the top beneficiaries will be those folks who purchase homes under 300k and actually homestead those properties. For those of us who are real estate investors and own either residential and/or commercial pieces of property (i.e. property that is not homesteaded), the current proposed legislation is neither here nor there...unfortunately enough. Yet, in my professional opinion of value, our politicians are at least taking a step in the right direction. We will need to continue to educate ourselves, our real estate leaders, politicians and probably most importantly our clients and fellow citizens who do not practice real estate as to viable and equitable solutions for all parties involved. I am the captain of the Melbourne Area Association of Realtors Leadership Academy and as such have traveled from the Space Coast to Orlando and Tallahassee to learn more about the real estate tax reform, to meet with legislators and to educate them as to what their/our constituents are saying about said tax reform. We all need to get involved and make our voices heard!