10/12/2026
Florida voters could raise home values this November, without a single new house being built.
Amendment 3 would raise Florida’s homestead exemption to $250,000 by 2028, cutting property taxes for homeowners. Florida’s median home price is around $410,000, down from the $493,000 peak in 2022. Local agents expect values to rise slightly if it passes. Buyers shop by monthly payment, so a lower tax bill leaves more room for the home itself.