On November 3, 2026, Florida voters will decide on Amendment 3 — the biggest change to the state’s homestead exemption in years. Here’s what it actually does, what it could mean for your tax bill, and why we’re supporting it.
What Amendment 3 Actually Does
Right now, homestead property owners get a $25,000 exemption that applies to school taxes, plus an additional CPI-adjusted exemption (currently $26,411) on non-school taxes — about $51,411 total.
Amendment 3 raises that non-school exemption significantly:
- Jan 1, 2027: additional exemption up to $150,000 (total exemption ≈ $175,000)
- Jan 1, 2028: additional exemption up to $250,000 (total exemption ≈ $275,000)
- 2029 and beyond: that amount adjusts annually with inflation (CPI)
A few important details: this only applies to homestead properties — your primary residence, not rentals, second homes, or commercial property. If you become a new Florida resident on or after January 1, 2027, you start with a smaller $50,000 exemption and phase up to the full amount over four years. The amendment also slows how fast assessed values can rise on non-homestead property, cutting the annual cap from 10% to 5% (on non-school taxes).
What It Could Save You
Using the statewide average non-school millage rate, the Property Appraiser’s office estimates typical homestead savings of roughly $1,200/year starting in 2027, growing to roughly $2,400/year in 2028 — though your actual savings depend on your home’s value and your local tax rate. Curious where your own neighborhood’s market and tax picture stands? You can create a custom market report to see what’s happening near you.
The Other Side, Briefly
State economists estimate the measure could reduce local government revenue by about $12 billion annually over time, and critics — including some local governments and the Tax Foundation — warn that could mean service cuts or higher taxes shifted onto renters, businesses, and non-homestead property owners. It’s worth knowing both sides before you vote.
Why We’re Supporting It
We talk to South Florida families every day who love their community but are feeling squeezed by rising tax bills — sometimes squeezed right out of the homes they’ve lived in for years. Amendment 3 isn’t a perfect fix, but it’s real, meaningful relief for the people who’ve put down roots here, and we think that’s worth supporting.
Whichever way you vote, make sure you do — check with your county Supervisor of Elections for early voting and mail ballot deadlines.
Curious what Amendment 3 could mean for your own home? Get an INSTANT property valuation now — or Contact us anytime with questions.