08/24/2026
Florida did NOT eliminate property taxes—but voters could approve a major change this November. 👀
Florida lawmakers placed Amendment 3 on the November 3, 2026 ballot. Nothing changes unless at least 60% of voters approve it.
If approved:
🏡 Florida permanent residents by December 31, 2026 who establish homestead could receive up to a $150,000 exemption from non-school property taxes in 2027, increasing to $250,000 in 2028.
📍 People becoming Florida residents on January 1, 2027 or later would generally begin with the $50,000 exemption and may become eligible for the expanded amount beginning in their fifth year.
🏫 School district property taxes would remain.
📊 Rentals, second homes and commercial properties would not receive the homestead exemption. However, the annual cap on increases in their assessed value could fall from 10% to 5%. That is an assessment cap—not a 5% tax rate.
Actual savings would depend on the property’s assessed value and local tax rates. If voters approve the amendment, it would take effect January 1, 2027. Until then, property taxes have not changed.
For buyers and investors, this is why the “no property tax” headlines need context. Purchase price is only one number—taxes, insurance, HOA fees, maintenance and realistic rental income determine the true cost of ownership.
Would this make owning property in Florida more attractive to you? If you’re comparing a primary residence with an investment property, message me and let’s look at the complete picture.
Source: Florida Senate and Florida Division of Elections. For informational purposes only; not tax or legal advice.
