Amendment 3 - What Does It Mean?
Florida Amendment 3: What You Should Know Before Voting in November As your Realtor, I want to help you understand decisions that could affect your home and your budget. This November, Florida voters will consider Amendment 3, a proposal that would change parts of the property tax system. It offers potential savings for eligible homeowners while raising questions about how our communities would fund local services. The proposal will appear on the November 3, 2026 ballot and requires at least 60% approval . If approved, the first changes would begin in 2027. It would not change your 2026 property tax bill. What Would Change for Your Primary Residence? For eligible homeowners with a Homestead Exemption who are permanent Florida residents by December 31, 2026, the exemption for non-school property taxes would increase to $150,000 in 2027 and $250,000 in 2028 , with inflation adjustments beginning in 2029. An exemption reduces the property value used to calculate taxes. It is not a ...